Global cargo capacity is at its highest level since mid-March: Accenture
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.
Accenture with its comprehensive, reliable and up-to-date demand and supply databases with Seabury Consulting, now part of its travel industry practice has provided insights and data on air, express and ocean freight demand and capacity on a global basis.
Global air cargo capacity declined 23 per cent last two weeks compared to last year
Air cargo capacity slightly increased compared to the -26 per cent decline for the previous two weeks. The Transpacific is back at 2019 levels. Global cargo capacity is at its highest level since mid-March.
Middle Eastern trade lanes are driving the recovery of belly cargo capacity
Intra-Asia Pacific remains the largest trade lane, however growth since the peak decline week has been limited. Intra-Middle East and Middle East – Europe have seen the highest growth rates since the peak decline. The Transpacific and the Transatlantic have also seen high growth rates.