The state of air cargo and global trade
The COVID-19 pandemic is a health and humanitarian crisis, and it is also an economic shock. We will be providing weekly updates throughout the COVID-19 crisis on air cargo capacity changes based on actual flight movements.
With our comprehensive, reliable and up-to-date demand and supply databases, Seabury Consulting, now part of Accenture's travel industry practice, is able to provide insights and data on air, express and ocean freight demand and capacity on a global basis.
Global air cargo capacity declined 20% in the last two weeks compared to last year
Air cargo capacity continues to recover, although at a slow pace, going from -21% in September to -20% for the last two weeks. Global air cargo capacity is at its lowest percentual decline since mid-March.
Maintenance of large freighters has peaked in preparation of the Q4 peak season
B777Fs and B747Fs are temporary taken out of service during China’s Golden Week, although noticeably less than previous years; roughly two thirds of lost capacity is taken out in and between Northeast Asia and Europe.