The state of air cargo and global trade
The COVID-19 pandemic is a health and humanitarian crisis, and it is also an economic shock. We will be providing weekly updates throughout the COVID-19 crisis on air cargo capacity changes based on actual flight movements.
With our comprehensive, reliable and up-to-date demand and supply databases, Seabury Consulting, now part of Accenture’s travel industry practice, is able to provide insights and data on air, express and ocean freight demand and capacity on a global basis.
Global international air cargo capacity was down -4% between 29 Nov–12 Dec, compared to the same weeks in ‘19
Transatlantic air cargo capacity in the last two weeks was only ~5% down on 2019 (vs. -12% two weeks ago).
Note: 29 Nov-12 Dec 2021 compared to 25 Nov–8 Dec 2019; Direct international flights only; all flows indicate region-to-region capacity; regions indicated by colour; dates measured in UTC; 1) Total air cargo capacity includes widebody passenger and all freighter flights.
Source: Seabury Cargo Capacity Tracking database, Seabury Cargo, Accenture analysis (Dec ‘21)
The Omicron variant has not significantly affected African air cargo capacity in the past weeks
The decline of air cargo capacity out of Africa is largely offset by countries with increasing capacity.