2020 last week air cargo volume records first YoY growth in 12 months

2021-01-07 17:27:48 Logistics News (Airlines & Aviation)

Despite no traditional peak season for global air cargo demand in Q4 2020, the year ended on a relatively high in December with the first positive year-on-year growth in weekly volumes in over 12 months, according to the latest industry statistics from analysts CLIVE Data Services and TAC Index.

Volumes in the period December 21, 2020 - January 3, 2021 – compared to a corresponding period of December 23, 2019 - January 5, 2020 – rose 8 percent, contributing to two new records for CLIVE Data Services’ dynamic loadfactor analyses.

The load factor reached a new high of 73 percent in mid-December

Based on both the volume and weight perspectives of cargo flown and capacity available, the load factor reached a new high of 73 percent in mid-December, while week ending January 3 saw an unprecedented level for this time of year of 65 percent, 13 percent points above the corresponding week a year ago.

December data showed a continued closing of the gap in year-on-year volumes to -5 percent versus December 2019 - from a yearly low of -37 percent in April – as volumes rose 2.5 percent over November 2020. This produced an overall dynamic loadfactor for the last four weeks of December of 71 percent.

CLIVE Data Services’ first-to-market weekly analyses also recorded a 2 percent increase in available capacity in December compared to November, but this remained -21 percent against the level of freighter and bellyhold cargo space on offer in the last month of 2019.

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