Air, Freight News

Air cargo market regains its poise

[ July 7, 2021   //   ]

After May’s subdued performance, global air cargo resumed its recovery from the effects of the Covid outbreak in June with a 1% growth in demand versus the same month of 2019, said Clive Data Services. The airlines said that airlines “continued to micromanage cargo capacity”

It added that while chargeable weight in June 2021 returned to growth after the -4% fall in May versus 2019, buoyant airfreight rates and load factors of recent months, whilst still at a high level, do appear to be declining marginally. Available global capacity compared to the pre-Covid market conditions of 2019 was -22%, but up 31% over June 2021.