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.