Shippers fearing a lack of peak season inventory saw air cargo rates soar again in October, despite no clear signs of a surge in peak season demand for capacity, according to the latest market performance data from industry analysts, CLIVE Data Services.
As in previous months, CLIVE’s latest market intelligence reports air cargo market performance to pre-covid 2019 levels, as well as 2020 year-over-year comparisons, to provide meaningful analyses of the current conditions. Demand for chargeable weight in October 2021 rose 3 percent over the same month of 2019 and was +14 percent higher than last year but CLIVE’s ‘dynamic loadfactor’ indicator - which measures both the volume and weight perspectives of cargo flown and capacity available to produce a true indicator of airline performance – remained lower than had been expected at 68 percent.
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