Congestion in airports reverses traditional trend of air cargo in Nov
Congestion on the ground muted air cargo’s growth in November, with volumes falling by -1.2 percent versus October, reversing the trend traditionally seen in the peak build-up to Christmas, according to the latest global air cargo market intelligence from industry analysts, CLIVE Data Services.
Last month’s fall in volumes compared to October 2021 came despite a +0.5 percent rise in capacity, while overall air cargo rates climbed +8 percent in November month-on-month.
Compared to November 2019, last month recorded a 3 percent decline in demand, but overall air cargo rates remained buoyant at +159 percent. Capacity versus two years ago was -12 percent, lifting CLIVE’s ‘dynamic load factor’ – based on both the volume and weight perspectives of cargo flown and capacity available to produce a true indicator of airline performance – up 2 to 66 percent.
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