‘Boring is good’ as global air cargo market takes another step to recovery

posted on 7th October 2020 by Eddie Saunders
'Boring is good' as global air cargo market takes another step to recovery

A record ‘dynamic loadfactor’ and high airfreight rates on the world’s premier trade lanes in September showed the global air cargo market edging towards a sustainable recovery at the start of the traditional peak season, say leading industry analysts CLIVE Data Services and TAC Index.

Chargeable weight in September rose 9% points month-on-month, further narrowing the year-on-year gap to -15%, the fifth consecutive month of positive indicators since April 2020’s 37% decline in volumes versus the same month of 2019. CLIVE Data Service’s ‘dynamic loadfactor’ – based on both the volume and weight perspectives of cargo flown and capacity available – averaged 70% in September, a 2%-point increase vs August 2020 and 8% points higher year-over-year. Notably, the 71% figure for the week of Sep 28-Oct 4 was the highest ever recorded by CLIVE.

Global air cargo capacity in September was, on average, 25% less than in the same month of last year.