Freight News, Air

Air freight ends 2020 on a high

[ January 6, 2021   //   ]

The year ended on a ‘relative high’ for global air cargo demand in December with the first positive year-on-year growth in weekly volumes in over 12 months, according to the latest statistics from analysts CLIVE Data Services and TAC Index.

Volumes in the period 21 December 2020 ro 3 January 2021 – compared to a simlar period 12 months ago – rose by 8%. The load factor reached a new high of 73% in mid-December, while week ending 3 January 2021 saw an unprecedented level for this time of year of 65%, 13% points above the corresponding week a year ago.

December data showed a continued closing of the gap in year-on-year volumes to -5% versus December 2019 – from a yearly low of -37% in April – as volumes rose 2.5% over November 2020. This produced an overall dynamic load factor for the last four weeks of December of 71%.

CLIVE Data Services’ first-to-market weekly analyses also recorded a 2% increase in available capacity in December compared to November, but this remained 21% down on December 2019.

Airfreight rates held up in December and, in some cases, increased over November even after the hoped-for peak season failed to materialise and there was no immediate sign of any major impact from shipments of Covid vaccine.