Air cargo volumes in May see slight recovery: CLIVE Data
Global industry data for May supports the continued small recovery of air cargo volumes but a fall in demand over the last two weeks of the month may signal more challenging times ahead as airlines return capacity to the market.
Having only recently stated that the global air cargo industry had stabilised, but was by no means in good shape, the latest week-by-week analyses by CLIVE Data Services for May unfortunately pinpoints a slightly deteriorating condition as the month progressed.
The month of May 2020 was not as bad for the global air cargo industry as April 2020. As hinted in CLIVE’s data last month, the industry has passed the (initial) bottom. After a 37 percent decline in volumes year-on-year in April, the corresponding figure for May of 31 percent shows a slight upward curve and, measured alongside a capacity decline of 42 percent versus last year, the pressure on capacity remained high. Consequently, CLIVE’s ‘dynamic loadfactor’, based on both the volume and weight perspectives of cargo flown and capacity available, increased month-on-month from 67 percent to 69 percent.
Global air cargo capacity and volumes
But, just as March and April were a story of two tales, so is May. March ended far worse than it started, while for April it was the other way around. Looking at the most recent weeks, it is clear that May ended weaker than it started. After a series of week-over-week growth in volumes, a decline set in during the week of May 18-24, followed by an even stronger decline for the last week of May. During these last two weeks, the capacity growth rate versus the previous week was higher than the volume growth, thereby reducing the dynamic load factor for the first time in weeks by 0.5 percent. This easing of pressure on capacity had a downward impact on freight rates on major trade lanes, as recently reported by the TAC Index.
“Looking at the last 12 weeks, it is clear to see that market volumes remain erratic and that this will continue for the foreseeable future. This is one of the few certainties we have at the moment. We can see some dark clouds gathering and this is a cause of concern for air cargo. This is why, in navigating these uncertain times, weekly data becomes not only relevant to decision-making, but crucial. Knowing what is happening each week gives the industry the clearest direction. We do not see signals yet that the increase in capacity is being met by growth in demand. With the announcements of increases in passenger schedules, global air cargo revenues may suffer ‘collateral damage’ of more capacity returning to the market,” said CLIVE’s managing director, Niall van de Wouw.
CLIVE’s air cargo industry intelligence consolidates data shared by a representative group of international airlines operating to all corners of the globe. Based on both the volume and weight perspectives of the cargo flown and capacity available, it uses weekly analyses to give the air cargo industry the earliest possible barometer of market performance each month.
You may also like:-
India’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has witnessed movement of 72000 tonnes of general cargo in the April-August period.
The airline continues to gradually and safely restore its network, delivering on its health and safety promise as it responds to growth in passenger demand across the globe.
All of them are certified by the IATA CEIV Pharma or by the British MHRA, making them benchmark operations in the Swissport network.
The airline’s variety of fuel-efficient efficient aircraft and strategic network management has enabled it to quickly resume flights and expand services in line with passenger demand.
As Boeing's first chief sustainability officer, Raymond will be responsible for further advancing Boeing's approach to sustainability that is focused on environmental, social and governance priorities, stakeholder-oriented reporting and company performance.
Eastern Airlines has roped in Mike Duggan as director of International Cargo Business Development. Duggan will also be responsible to lead and support the carrier’s move into freighter operations.
Amid over 18 per cent and 19 per cent drop in the overall market tonnage and FTK (freight tonne-kilometres), respectively, the Group managed to hold on to 5 per cent and 10 per cent decrease.
The announcement on September 16 was welcomed by the country’s beleaguered airline sector, which has been lobbying for months for the reopening of international travel.
From a more efficient baggage-handling system that accommodates luggage of all sizes and shapes so skis don’t need to be dropped off at a special coun
The company has been well established for many years in both countries through network partnerships and decided to open its own offices in each location to offer customers a full spectrum of multi-modal services.
FAA approval officially enables reciprocal EASA (European Aviation Safety Agency) approval, which is anticipated in the very near future.
The global rollout of CargoWise across a. hartrodt operations in Asia, South and North America, Oceania and Europe, will be a staged process with completion by March 2023.
The hospital which included generators, tents, HEPA filters and medical equipment, can facilitate up to 200 people to receive potential lifesaving treatment.