The current state of air cargo capacity
August 8, 2022
5-MINUTE READ
August 8, 2022
5-MINUTE READ
As a result of the COVID-19 pandemic, the world stopped traveling. Closed borders and strict travel requirements meant that actual flight movements were severely impacted, which caused a knock-on effect on air cargo logistics and global trade. But whilst the world returns to the skies once again, air cargo industry players are adapting to a very different landscape.
With our comprehensive, reliable and up-to-date demand and supply databases, our travel industry practice is able to provide insights and data on global air cargo capacity, express and ocean freight demand and capacity on a regular basis.
Transpacific capacity has gradually come down, now low single-digits above 2019 levels
Note: July 18-31, 2022 compared to July 15-28, 2019; Direct international flights only; all flows indicate region-to-region capacity; regions indicated by color; dates in UTC; 1) Total air cargo capacity includes widebody passenger and all freighter flights;
Source: Seabury Cargo Capacity Tracking database, Seabury Cargo, Accenture analysis (August 2022)
Consistent underperformance of operated flights (vs. schedule) may imply that the -29% summer capacity schedule (versus 2019) will not be achieved.
Note: Summer schedule includes months April through October
Source: Seabury Cargo Capacity Tracking & Scheduled Capacity databases; Seabury Cargo, Accenture analysis (August 2022)