AIRLINES still flying out of Shanghai (PVG) could struggle with profitability after being unable to pick up shipments, reports London's Loadstar.
Accenture's Seabury recently issued data showing that capacity out of Shanghai had fallen 40 per cent from March - but new data from Clive Data Services shows load factors (LF) had fallen to the lowest levels ever recorded by the Xeneta-owned company, according to London's Loadstar.
'Last week, Shanghai westbound load factors were just 49 per cent,' explained head of airfreight Niall van de Wouw. 'The average between January and March was about 92 per cent.'
Since March, load factors out of Shanghai fell from a high of 93 per cent to 58 per cent, then reached 49 per cent last week, he noted.
'Capacity has shrunk tremendously - but even then, airlines can't get goods on board. It's very bad for profitability, it's a double-whammy.
'We can't see from the data, but it either means handlers are unable to load goods, or the cargo has diverted elsewhere. These are the worst load factor figures we have ever seen ex-Shanghai. The capacity is just not being used.'
One Shanghai-based air freight forwarder said there were no problems at the airport itself, explaining: 'There are no issues with loading aircraft. The problem is that there is very little cargo delivered into PVG. And certainly, loads of cargo has been diverted to other airports.'
There is still some time to go before Shanghai is restored, said the forwarder, adding: 'I would guess the middle of May, or perhaps early May, for a partial easing of lockdown restrictions.'
SeaNews Turkey
Accenture's Seabury recently issued data showing that capacity out of Shanghai had fallen 40 per cent from March - but new data from Clive Data Services shows load factors (LF) had fallen to the lowest levels ever recorded by the Xeneta-owned company, according to London's Loadstar.
'Last week, Shanghai westbound load factors were just 49 per cent,' explained head of airfreight Niall van de Wouw. 'The average between January and March was about 92 per cent.'
Since March, load factors out of Shanghai fell from a high of 93 per cent to 58 per cent, then reached 49 per cent last week, he noted.
'Capacity has shrunk tremendously - but even then, airlines can't get goods on board. It's very bad for profitability, it's a double-whammy.
'We can't see from the data, but it either means handlers are unable to load goods, or the cargo has diverted elsewhere. These are the worst load factor figures we have ever seen ex-Shanghai. The capacity is just not being used.'
One Shanghai-based air freight forwarder said there were no problems at the airport itself, explaining: 'There are no issues with loading aircraft. The problem is that there is very little cargo delivered into PVG. And certainly, loads of cargo has been diverted to other airports.'
There is still some time to go before Shanghai is restored, said the forwarder, adding: 'I would guess the middle of May, or perhaps early May, for a partial easing of lockdown restrictions.'
SeaNews Turkey