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 stabilizes at 26% down last week compared to last year
The stark contrast between trade lanes remains, trade lanes to and from Asia fare better than the global average. Eastbound Transpacific capacity grows 4% compared to last year and remains as the only trade lane to show air cargo capacity growth. Europe – Asia capacity declines by only -6%.
‘Passenger freighter’ capacity increase plateaued during the last week
Global freighter capacity remained mostly stable during the last weeks, belly capacity increases 3% this week compared to last week, after strong increases in previous weeks.
New ‘players’ have appeared in the world’s top 10 international cargo airports
ANC, MIA and LEJ rose to the top 10 airports worldwide, displacing SIN, LHR and DXB. Of the airports that have retained their place in the top 10, only ICN and PVG are receiving more capacity now than last year.