CLIVE: AIR CARGO VOLUMES GROW AGAIN IN DECEMBER

The latest figures from CLIVE show that for the week ending January 3, demand for air cargo increased 8% compared to the previous year.

Meanwhile, the "dynamic" air load factor reached a record 73% in mid-December. During the last week of the year, the dynamic load factor stood at 65%, an improvement of 13 percentage points over the same period last year.

The data provider said that for the overall month of December, demand was down 5% year-on-year, but there was a continued closing of the gap from the April low, when volumes were 37% below a year earlier. Volumes were also up 2.5% in November, while the dynamic load factor for the month stood at 71%. Nivan de Wouw, Managing Director of CLIVE Data Services, said: “For an industry seeking every flash of positivity, the December data provided some modest growth indicators.

“December performance was surprisingly strong compared to November's flat level, and in the second half of the month, volumes did not drop as much as we normally anticipate for this normally quieter time of year.

“To outside observers looking to 2020, rising airline revenue, at a time of declining volumes, may seem like a contradiction. "But it makes sense considering the increase in dynamic load factor, where demand and supply meet." Air freight rates were steady in December and, in some cases, increased through November even after the expected peak season failed to materialize and there were no immediate signs of any major impacts from Covid vaccine shipments, said Robert Frei, Director of Business Development at Index Tac.

"The price from Asia to the US remains the highest, followed by Asia to Europe and lastly the Liner, with the highest prices reached in week 51," he added.

Source: Aircargonews

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