14 December 2020
Air cargo capacity is failing to keep pace with demand as economies begin the post-COVID rebuild and it’s a situation that’s set to continue well into the new year.
International cargo capacity at Auckland Airport fell 38% year-on-year in October and is predicted to be down by a similar volume during the traditional peak in November and December.
It’s a bigger fall than both the 28.7% year-on-year international capacity drop for the Asia Pacific region and the 25% shrinkage in global international cargo capacity, according to the October data from the International Air Transport Association (IATA).
“Demand for air cargo is coming back – a trend we see continuing into the fourth quarter. The biggest problem for air cargo is the lack of capacity as much of the passenger fleet remains grounded,” said Alexandre de Juniac, IATA’s Director General and CEO.