Australian note air cargo moves toward structural recovery in June
PERSONAL protective equipment shipments volumes faded, but global air cargo volumes in June provided the first real indicators of the sector's structural recovery, reported the American Journal of Transportation
PERSONAL protective equipment shipments volumes faded, but global air cargo volumes in June provided the first real indicators of the sector's structural recovery, reported the American Journal of Transportation.
The industry seems to be 'slowly getting back up on its feet' as volumes in the first four weeks climbed six per cent versus the full four weeks of May, according to the latest air cargo market analyses by CLIVE Data Services, a unit of Brisbane's Biarri Group.
Air cargo volumes in the last week of June were 12 per cent higher than in the final week of May. The year-on-year performance gap further closed with global volumes at down 25 per cent versus June 2019, compared to the 31 per cent year-on-year drop in May.
Available capacity in this reporting period remained flat, but the last two weeks of June saw capacity creeping up slowly week-over-week by 1.5 per cent per week.
CLIVE's dynamic load factor of 71 per cent in June - based on both the volume and weight perspectives of cargo flown and capacity available - recorded its highest level since CLIVE began measuring the industry's weekly performance in 2018.
Said CLIVE managing director Niall van de Wouw: 'While our data for May and now June has shown month-on-month improvements, and airlines have been reporting peak weeks and months for cargo. Now PPE is starting to fade, we can see where the industry is really at - and we do see an improvement.