Figures released by CLIVE Data Services have revealed that, in comparison with October 2021, air cargo demand was down 1.2% in November, bucking its usual trend of rising towards the end of the year.
Dynamic load factors also dropped by two percentage points to 66%, while rates increased by 8%.
On-the-ground congestion is causing increased rates and stunting growth, according to some in the industry. Airports and cargo handlers continue to struggle with the amount of cargo being processed and there are also reports of ULD-pallet shortages.
Niall van de Wouw, CLIVE managing director, has labelled the drop-off in demand as “remarkable” and has said it is most likely due to cargo not being pushed through the system efficiently. He has also claimed that current airport congestion is the result of a lack of investment in – and appreciation for – cargo handling.
Congestion is unlikely to ease until at least the Chinese New Year in February 2022.
We continue to monitor the situation. For any enquiries relating to specific bookings, please contact our Customer teams.