Global air cargo volumes continued to show a ‘gradual but consistent’ month-on-month recovery in July, increasing by 8% over June, according to the latest air cargo market analysis by CLIVE Data Services.
The growth in chargeable weight last month – normalised for the fact that July has one more day than June – also helped to further narrow the year-on-year decline in international freight volumes, according to the report. July 2020’S performance was -20% versus the same month a year ago but still reflected an improving monthly trend in the level of air cargo traffic compared to the -26%, -31% and -37% year-on-year gaps in April, May and June 2020 respectively.
“Our market analyses for July, especially compared to what we were reporting a few months ago, shows the gradual but consistent climb up the slope to recovery for the air cargo market is continuing,” said CLIVE managing director Niall van de Wouw. “This is obviously no ‘V’-shape recovery, but even as additional capacity comes into the market with the return of more passenger services, cargo volumes are showing some reassuring resilience.”
CLIVE’s air cargo industry intelligence consolidates data shared by a representative group of international airlines operating to all corners of the globe. Based on both the volume and weight perspectives of the cargo flown and capacity available, it uses weekly analyses to give the air cargo industry the earliest possible barometer of market performance each month.