Weekly Air Operations Update: Shanghai to Europe, US and Australia 05/05/23

Shanghai to London

• The market is stabilising and rates will remain higher than Q1; demand has recovered and remains relatively stable. Some freighter capacity is being retired, specifically on Transpacific. An increase in passenger capacity as summer approaches should keep the overall capacity (freighter and passenger) relatively stable and maintain a healthy supply demand balance.
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• Rates are up slightly this week

Shanghai to New York

• The market is stabilising and rates will remain higher than Q1; demand has recovered and remains relatively stable. Some freighter capacity is being retired, specifically on Transpacific. An increase in passenger capacity as summer approaches should keep the overall capacity (freighter and passenger) relatively stable and maintain a healthy supply demand balance.
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• East USA rates are increasing

Shanghai to Los Angeles

• The market is stabilising and rates will remain higher than Q1; demand has recovered and remains relatively stable. Some freighter capacity is being retired, specifically on Transpacific. An increase in passenger capacity as summer approaches should keep the overall capacity (freighter and passenger) relatively stable and maintain a healthy supply demand balance.
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• West USA rates are increasing

Shanghai to Frankfurt

• The market is stabilising and rates will remain higher than Q1; demand has recovered and remains relatively stable. Some freighter capacity is being retired, specifically on Transpacific. An increase in passenger capacity as summer approaches should keep the overall capacity (freighter and passenger) relatively stable and maintain a healthy supply demand balance.
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• Rates are up slightly this week

Shanghai to Melbourne

• Space on the Australia route is getting tight as electronics manufacturers are launching new products, and prices are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• Air rates are rising slowly

Shanghai to Sydney

• Space on the Australia route is getting tight as electronics manufacturers are launching new products, and prices are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is open
• Air rates are rising slowly

Market intel

• Sichuan Airlines starts Chengdu-Budapest cargo flights

  CHINESE carrier Sichuan Airlines has launched cargo flights between Chengdu Shuangliu International Airport in China and Budapest Ferenc Liszt International Airport in Hungary.
  
  The airline will operate three flights a week using an Airbus A330 passenger-to-freighter (P2F) aircraft.
  
  In addition to general import-export cargo, the flights will also target e-commerce shipments, according to London's Air Cargo News.
  
  Rene Droese, Budapest Airport's chief development officer, said: "We are seeing increasing demand for new cargo routes and for increased capacity on existing routes, and we plan to expand our cargo connections, besides Asia, to Western Europe and the transatlantic region as well. We are delighted to welcome Sichuan Airlines to Budapest and wish them every success."
  
  "The new aerial connection supports the success of the air Silk Road, as part of the Belt and Road initiative, further strengthening the excellent trade relationship between Hungary and China," said Peter Xu, freighter station manager for Sichuan Airlines.
  
  

• N. China
  

  After the Labor Day holiday, as exports increased significantly, space became tight and rates began to rise. 
  
  

• S. China

  China Southern Airlines resumed flights from Shenzhen to Frankfurt, and China Eastern Airlines added flights from Shenzhen to London. However, due to the increase of export goods, air freight prices in the South are still at a relatively high level.