{"id":784,"date":"2021-01-07T11:49:03","date_gmt":"2021-01-07T11:49:03","guid":{"rendered":"https:\/\/phoenixglobalgroup.com\/mi-katigoriopoiimeno\/despite-no-traditional-peak-season-for-global-air-cargo-volumes-were-on-the-rise\/"},"modified":"2024-02-27T09:52:13","modified_gmt":"2024-02-27T09:52:13","slug":"despite-no-traditional-peak-season-for-global-air-cargo-volumes-were-on-the-rise","status":"publish","type":"post","link":"https:\/\/phoenixglobalgroup.com\/el\/nea\/despite-no-traditional-peak-season-for-global-air-cargo-volumes-were-on-the-rise\/","title":{"rendered":"Despite no traditional peak season for Global air cargo volumes were on the rise"},"content":{"rendered":"
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Despite no traditional peak season for global air cargo demand in Q4 2020, the year ended on a \u2018relative high\u2019 in December with the first positive year-on-year growth in weekly volumes in over 12 months, according to the latest industry statistics from analysts CLIVE Data Services and TAC Index.<\/p>\n

Volumes in the period 21 December 2020-3 January 2021 \u2013 compared to a corresponding period of 23 December 2019-5 January 2020 \u2013 rose 8%, contributing to two new records for CLIVE Data Services\u2019 \u2018dynamic loadfactor\u2019 analyses.<\/p>\n

Based on\u00a0both the volume and weight perspectives of cargo flown and capacity available, the loadfactor reached a new high of 73% in mid-December, while week ending 3<\/p>\n

January 2021 saw an unprecedented level for this time of year of 65%, 13% points above the corresponding week a year ago.<\/p>\n

December data showed a continued closing of the gap in year-on-year volumes to -5% versus December 2019 \u2013 from a yearly low of -37% in April \u2013 as volumes rose 2.5% over November 2020. This produced an overall dynamic loadfactor for the last four weeks of December of 71%.<\/p>\n

CLIVE Data Services\u2019 first-to-market weekly analyses also recorded a 2% increase in available capacity in December compared to November, but this remained -21% against the level of freighter and bellyhold cargo space on offer in the last month of 2019.<\/p>\n

\u201cFor an industry looking for every glimmer of positivity, December\u2019s data provided some modest growth indicators. December\u2019s performance was surprisingly strong compared to the flattish level recorded in November and, in the second half of the month, volumes didn\u2019t fall as much as we\u2019d typically anticipate for this normally quieter time of year,\u201d commented Niall van de Wouw, managing director of CLIVE Data Services.<\/p>\n

He continued: \u201cTo outside observers looking at 2020, increasing airline revenues, at a time of decreasing volumes, may seem a contradiction. But it is logical considering the rise in the dynamic loadfactor, where demand and supply come together. It clearly demonstrates the reason why airfreight rates have gone up and reemphasises the value of weekly data. It allows companies to gain a better and quicker understanding of the way the market is trending and where it is rate-wise. In such a volatile business environment, this enables them to make better informed pricing decisions to support their recovery.\u201d<\/p>\n

Airfreight rates held up in December and, in some cases, increased over November even after the hoped-for peak season failed to materialise and there was no immediate sign of any major impact from shipments of Covid vaccine, noted Robert Frei, business development director at TAC Index.<\/p>\n

Westbound pricing from Asia to Europe\/US and Europe to the US was significantly higher compared to eastbound rates, as demonstrated by PVG-EU prices more than 4 times higher than FRA-CN, and FRA-US pricing more than 2.5 times higher than ORD-EU. \u201cPricing from Asia to the US is still the highest, followed by Asia to Europe and,
\nlastly, the Transatlantic, with the highest prices reached in week 51,\u201d he added.<\/p>\n

Source:\u00a0Global air cargo volumes on the rise | AIR CARGO WEEK<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite no traditional peak season for global air cargo demand in Q4 2020, the year ended [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[29],"class_list":["post-784","post","type-post","status-publish","format-standard","hentry","category-nea","tag-2021-el"],"yoast_head":"\nDespite no traditional peak season for Global air cargo volumes were on the rise - PHOENIX GLOBAL FREIGHT GROUP S.A. - Since 1991<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoenixglobalgroup.com\/el\/nea\/despite-no-traditional-peak-season-for-global-air-cargo-volumes-were-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite no traditional peak season for Global air cargo volumes were on the rise - 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