Cargo Breaking News
According to the data provider WorldACD, air cargo’s final March figures show a year-on-year (YoY) worldwide growth of 21 per cent. The YoY change in the period March 1-15, 2021, stood at -0.2%, but the YoY growth in the second half of the month was +44%, making March the most two-faced month in air cargo living memory. “A clear reminder that the first lockdown started to bite air cargo by mid-March 2020,” says the data provider.
“We looked at volume developments for the 30 largest markets first. For six of them (the origins USA Atlantic South, USA Midwest, Taiwan, Thailand, Belgium and Kenya), March 2021 was simply the best month since January 2018. The same was true for the destination markets China-East, South Korea, Japan, Belgium, the Netherlands and USA-Midwest. Other top-origins, notably China North East and Central, France, UK, India, and Australia, have not yet recovered. Their month of March remained more than 20% below their best month over the past three years. This is also the case for the destinations Australia, Canada East, China Northeast, Spain, South Africa and USA Northeast.
Worldwide, March 2021 was only marginally lower than the same month in 2018 and 2019. This is the more remarkable when taking into account the enormous reduction in cargo capacity. YoY load factor improvements in each of the three first months of 2021, range between 15 and 20 %-points: airlines are clearly able to use their cargo space much more efficiently than in the past,” says WorldACD.
