AIRLINES flying out of shanghai (PVG) are struggling with profitability after being unable to pick up shipments, reports London's Loadstar.
Accenture's Seabury issued data showing that capacity out of Shanghai fell 40 per cent from March, but new data from Clive Data Services shows load factors (LF) had fallen to the lowest levels ever recorded.
'Last week, Shanghai westbound load factors were just 49 per cent,' said air freight head 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.
'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,' said Mr Wouw.
'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 declared there were no problems at the airport itself.
'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,' said the forwarder.
SeaNews Turkey
Accenture's Seabury issued data showing that capacity out of Shanghai fell 40 per cent from March, but new data from Clive Data Services shows load factors (LF) had fallen to the lowest levels ever recorded.
'Last week, Shanghai westbound load factors were just 49 per cent,' said air freight head 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.
'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,' said Mr Wouw.
'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 declared there were no problems at the airport itself.
'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,' said the forwarder.
SeaNews Turkey