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.
Air cargo capacity increased in the last two weeks mostly driven by passenger belly
Asia Pacific trade lanes show double-digit capacity growth compared to the previous two weeks. Freighter capacity only increased significantly on Europe-Asia. Latin America trade lanes show strong declines as capacity has been moved to other regions.
“Boneyard” airports play a key role in storing aircraft during the COVID-19 pandemic
Several airlines have resorted to putting aircraft in long-term storage as they ran out of space at their hub. Top 5 boneyard airports combined store more than 1100 aircraft today. Lower regional travel demand has forced many narrow body aircraft into storage.