After some form of recovery to pre-pandemic levels in the first two months of the year, global volumes for the four full weeks of March 2021 were unable to continue the recovery seen in January and February, according to latest data from CLIVE Data Services and TAC Index. Volumes dropped 3 percent during these weeks and worsened towards the end of the month, sliding 4 percent week on week relative to the start of the month. Nonetheless, CLIVE Data says the air cargo market is in far better … [Read more...] about March: What’s dampening air cargo’s recovery?
air freight market
The International Air Transport Association (IATA) released data for global air freight markets in May showing a slight improvement in the air cargo market. But capacity remains unable to meet demand as a result of the loss of belly cargo operations on passenger aircraft that have been parked. Global demand, measured in cargo tonne-kilometers (CTKs*), fell by 20.3 percent in May (-21.5 percent for international operations) compared to the previous year. That is an improvement from the 25.6 … [Read more...] about May air cargo shows slight pickup amid continuing capacity crunch