Freight News, Air

Airfreight continues to climb out of the trough

[ August 5, 2020   //   ]

Global air continued to show a ‘gradual but consistent’ month-on-month recovery in July, increasing by 8% over June, according to the latest market analysis by CLIVE Data Services.

July 2020’S performance was -20% versus the same month a year ago but still reflected an improving monthly trend in the level of air cargo traffic compared to the -26%, -31% and -37% year-on-year gaps in April, May and June 2020 respectively.

CLIVE’s regional year-on-year ‘dynamic loadfactor’ analyses, for example, for week 31 (Jul 27-Aug 2) showed a 21% increase on the North America to Europe lane versus July 2019, 19% on Europe-North America and 10% on the Asia-Europe & Middle East lane.

The analyst’s ‘dynamic loadfactor’ of 70% in July -based on both the volume and weight perspectives of cargo flown and capacity available -represented a minimal decline of 0.6% versus June 2020 but was still 8% higher year-on-year.

Managing director, Niall van de Wouw, said: “Our market analyses for July, especially compared to what we were reporting a few months ago, shows the gradual but consistent climb up the slope to recovery for the air cargo market is continuing. This is obviously no ‘V’ shape recovery, but even as additional capacity comes into the market with the return of more passenger services, cargo volumes are showing some reassuring resilience.”