More ‘clouds on the horizon’

Date Added: 8 June 2022

More ‘clouds on the horizon’ as air cargo market gets a glimpse of its post-Covid future in May

We have a strong presence in the expedited airfreight arena through our subsidiary, Davies Turner Air Cargo, and we note that the American Journal of Transportation reports that General air cargo market volumes fell 8% year-over-year in May, compared to April, as the aviation industry’s stuttering recovery was compounded again by macroeconomic events which show no sign of abating, according to industry analysts CLIVE Data Services, part of Xeneta.

The analysts’ latest weekly market data also provided a glimpse of how major air cargo markets may perform in a post-Covid world.

May 2022 data shows air cargo demand 8% lower than in May 2019. Available capacity in the month of May was 4% higher versus the same month of last year but still at down 12% compared to May 2019. Lower demand and increased capacity in this latest reporting period also led to a 9% points drop in CLIVE’s ‘dynamic load factor’ last month versus May 2021, which resulted in a global load factor in May 2022 of 60%.

The report in full can be seen here: https://airfreight.news/articles/full/more-clouds-on-the-horizon-as-air-cargo-market-gets-a-glimpse-of-its-post-covid-future-in-may

As the UK’s highest placed independent freight forwarder in the IATA/CASS league table for 2020, measured by CASS airline tonnage, Davies Turner Air Cargo welcomes enquiries about our global airfreight services. Just contact aircargo@daviesturner.co.uk or visit https://www.daviesturner.com/air-freight
 

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