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.
Belly capacity is increasing during Q4 and is currently 'only' down 57% of 2019 levels
Over the last two weeks, 10,000 tonnes of air cargo capacity have been added; 11,000 tonnes correspond to increases in widebody belly and 7000 to integrators' capacity, offset by a 7,700 decrease in airline freighter.
Europe outbound capacity has increased primarily to Asia in the last two weeks
Europe capacity to Asia Pacific grew by 6%. China remains as the main destination from Europe, with an increase of 2,100 tonnes in the last two weeks compared to the previous two weeks.