• Demand for air cargo up 8.2 percent y/y in October

    Air freight demand, measured in freight tonne kilometers (FTKs), rose 8.2 percent year-on-year in October, according to data released by The International Air Transport Association (IATA).

  • Another record breaking year for Budapest Airport as cargo volume exceeds 100,000 tonnes

    Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.

  • LATAM Airlines to launch its longest non-stop flight ever between Santiago and Melbourne, Australia

    Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.

  • India gives a strong start to IAG’s performance in the peak season

    IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.

  • IAG Cargo launches new Paris to New York route through OpenSkies

    IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Showing posts with label Slack Season. Show all posts
Showing posts with label Slack Season. Show all posts

Monday, August 16, 2021

‘Slack Season’ is short-lived in July as airlines react to flat Air Cargo demand

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‘Slack Season’ is short-lived in July as airlines react to flat Air Cargo demand


Global airlines managed the traditional summer slack season for air cargo space in July by constantly tweaking capacity levels to address flat demand during the month versus pre-Covid levels.

New industry volume, loadfactor and rates data from analysts CLIVE Data Services and TAC Index also highlight airfreight rates lagging two weeks behind changes in the demand and supply ratio.  As in previous months of 2021, to provide meaningful analyses of the current state of the global air cargo market, CLIVE continues to measure performance to pre-Covid 2019 levels as well as providing 2020 year-over-year comparisons. This shows chargeable weight was flat in July versus 2019 and up by 23 percent over 2020.

Capacity, however, remains tightly constrained. Available capacity, up by 29 percent compared to 2020, is still down by 18 percent below the level seen in 2019 before the pandemic took hold. Consequently, CLIVE saw a fluctuating ‘dynamic loadfactor’ in July. Reduced capacity contributed to up by 5 percent pts rise in dynamic loadfactor versus 2019 – measured against both the volume and weight perspectives of cargo flown and capacity available – but down 3 percent pts drop over the same month in 2020. 


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