WorldACD figures highlight a changing air cargo market in 2020

By Damian Brett

Image source: Shutterstock

The extent of the air cargo market’s move away from bellyhold capacity in favour of freighters and the affect on rates have been highlighted in new statistics from WorldACD.

Figures from the data provider show that from key markets, belly capacity decreased by an average of 51% year on year in 2020, while freighter capacity was up by 6%.

This was, of course, the result of passenger services being grounded by a covid-19 related travel slump.

Some of this difference was offset by lower demand, down by around 15% compared with the previous year, but it was not enough to stop rates increasing by 66% for general cargo, 46% for special cargo and 43% for express cargo.

Meanwhile, larger forwarders appeared to lose market share and GSAs made gains.

Share this story

Related Topics

Latest data news

Munich Airport freight volume up

By Rebecca Jeffrey

Munich Airport’s total 2021 airfreight volume was 22,000 metric tons higher than 2020. This corresponds to an increase in freight…

Read More

Share this story

Brussels Airport airfreight climbs 30%

By Rebecca Jeffrey

Brussels Airport’s 2021 flown airfreight volumes rose 30.6% compared to 2020 to 668,000 tonnes, and 33% more than in 2019,…

Read More

Share this story

China’s air cargo industry bounces back

By Rebecca Jeffrey

China’s air cargo industry has recovered to close to the volume it was at in 2019, the Civil Aviation Administration…

Read More

Share this story