CargoAi features the air cargo capacity statistics report for Nov 2022 with the most significant insights and analysis of inter-regional and intra-regional capacity in comparison to the previous month. Stay tuned with CargoINTEL for in-depth analytics and breakdown of the global air cargo market and trends.
- CargoINTEL observed certain stability in the global air cargo market in October 2022 signaling a sound start to Q4 of the year. However, the market in November 2022 is again cohering to the pre-October consistency of declining capacity.
- Some of the strongest regions worldwide have marked an acute decline in capacity, majorly attributed to the reduction in demand and volumes. The overall capacity recorded in November is 4% lower than in October.
- The globally indexed belly capacity has reduced to 1350K MT in November as compared to 1560K MT in October, by a considerable double-digit margin of -13%.
- Whereas, the freighter capacity registered in November indicates a rise by 7% to 1320K MT from 1225K MT in October.
- The reasons for the overall reducing capacity, is eminently the declining air cargo market towards the end of the year; paralleled with the reduction in chargeable weight caused by Thanksgiving in USA, the pertaining geo-political disruptions in Europe, and the COVID restrictions in China.
- As per WACD, despite the decreasing outbound tonnages from most major regions, the average yield has remained stable.
- Comparing the scenario YoY, the tonnages are down in November 2022 by -18% whereas the capacity is slightly up by 1%. The most notable YoY reductions are observed from Asia-Pacific (-29%), Middle East (-22%), North America (-20%) and Europe (-9%).