Weekly Air Operations Update: Shanghai to Europe, US and Australia 02/08/24

General overview: Currently, the air freight market shows stability, with available capacity on EU and US routes and consistent pricing. However, increased tourism has led to limited space on routes to Australia.

Shanghai to London

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to New York

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Los Angeles

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Frankfurt

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Melbourne

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is tight
• Rates are high

Shanghai to Sydney

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is tight
• Rates are high

Market intel

IATA data highlights continued strong demand for air cargo

The International Air Transport Association’s (IATA) latest data shows that global air cargo markets are continuing to boom.

June’s figures have contributed to what IATA has described as “an exceptional first half-year performance for air cargo”, with airfreight volumes exceeding those of last year, of 2022, and even of record-breaking 2021 levels.

Global demand, as measured in cargo tonne kilometres, rose year on year in June by 14.1%. June represented the seventh consecutive month of double-digit year-on-year growth in airfreight traffic.

June’s airfreight capacity figure, as measured in available cargo tonne kilometres, increased by 8.8% compared to the same month of 2023 and the cargo load factor improved by 2.1 percentage points to 45.8%.

Total half-year (H1) demand increased by 13.4% compared to the first half of 2023, by 4.3% compared to H1 2022, and by 0.02% compared to H1 2021

Source: Air Cargo News