AviTrader sponsorship ad

WorldACD Market Data gives latest views on air cargo market developments

©FL Technics

In the last full week of January 2023, global air cargo tonnages dropped significantly, as could be expected given the early start of the Lunar New Year, but further analysis of underlying trends reveals the impact of the weakening global economy on air cargo, the latest preliminary figures from WorldACD Market Data indicate.

Figures for week four (23 to 29 January) show a decrease of 11% in worldwide tonnages compared with the previous week, mainly driven by the Lunar New Year that started on January 22. The global average rate level decreased also significantly, by 9% compared with the previous week. However, if we look at all flows to and from Mainland China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia and Vietnam combined, a drop of 37% in tonnages was recorded, whereas all other flows decreased by 5% in tonnages and by 4% in the average rate. Therefore, the slowdown of the global economy cannot be ignored in these figures.

Comparing weeks three and four with the preceding two weeks (2Wo2W), tonnages increased slightly (1%) above its combined total in weeks one and two, with a 1% decrease in capacity, while average worldwide rates dropped by 4% – based on the more-than 400,000 weekly transactions covered by WorldACD’s data.

On a regional level, the effect of the Lunar New Year on air cargo tonnages was most notable on flows inbound Asia Pacific from North America (-22%), Middle East and South Asia (-22%) and Europe (-5%) respectively, but also outbound Asia Pacific to North America (-14%), Middle East & South Asia (-9%) and Europe (-12%) respectively, and intra-Asia Pacific (-34%), on a 2Wo2W basis.

Positive developments were observed on almost all other flows, especially between Europe and North America (westbound +29%; eastbound +17%), between Europe and Africa (both directions +20%) and between North America and Central & South America (northbound +57%, southbound +13%).

Comparing the overall global market with this time last year, chargeable weight in weeks three and four was down 29% compared with the equivalent period last year. Most notably, tonnages ex-Asia Pacific are down by 48%. This comparison is skewed, because last year the Lunar New Year started ten days later, on February 1, 2022. There were also double-digit percent year-on-year drops in tonnages outbound from North America (-27%), Europe (-16%) and Middle East & South Asia (-16%).

Overall capacity has increased by 7% compared with the previous year, with positive developments from all regions except Asia Pacific (-11%) due to the Lunar New Year. Most notable increases were ex-Africa (+21%), ex-North America (+14%) and ex-Middle East and South Asia (+11%).

Worldwide rates are currently 28% below their levels this time last year, at an average of US$2.79 (£2.27) per kilo in week four, despite the effects of higher fuel surcharges, but they remain significantly above pre-COVID levels.

AviaAM Leasing delivers fourth 737-800 BCF to lessee

AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, has announced another delivery of a 737-800 Boeing Converted Freighter (BCF). This is the fourth aircraft in the passenger-to-freighter (P2F) conversion programme. The newly converted aircraft has joined the fleet of Bluebird Nordic, an Icelandic ACMI leasing and cargo airline.

Read More »

New start-up Ascendance Flight Technologies raises €21million

Ascendance Flight Technologies, a start-up dedicated to sustainable aviation, has raised €21 million. These new funds give Ascendance Flight Technologies the resources to fly its full-scale prototype, begin certification and scale-up actions for its first aircraft and help its first clients and partners to reduce the carbon emissions of their aircraft thanks to the company’s

Read More »

Sabre teams-up with Plan3 to provide airlines with holistic disruption management

Software and technology provider Sabre Corporation has announced a new agreement with automated airline disruption management solution Plan3 to enable airlines to be more proactive when disruption strikes.    The new alliance will allow Plan3 to draw upon Sabre’s extensive industry reach and deep domain knowledge in airline technology to help accelerate the adoption of its service, while enabling

Read More »

Hawaiian Airlines reaches agreement with Gevo to purchases SAF

Hawaiian Airlines has reached an agreement with biofuel company Gevo, to purchase 50 million gallons of sustainable aviation fuel (SAF) over five years. Gevo expects to supply the SAF from a facility to be constructed in the Midwestern United States and begin deliveries to Hawaiian’s gateway cities in California starting in 2029. “This offtake agreement

Read More »

Wizz Air Malta adds 50th aircraft to its fleet

Wizz Air has announced the addition of a 50th aircraft to the fleet of its Maltese subsidiary. Established only six months ago, Wizz Air Malta operates 265 routes from Italy, Albania, Austria, and Romania, with a fleet of 50 Airbus A320-family aircraft. The new Airbus A321neo joining Wizz Air Malta’s fleet is the most efficient

Read More »

Honeywell and Lufthansa Technik enhance collaboration on digital platform AVIATAR

Honeywell and Lufthansa Technik (LHT) are enhancing their collaboration on Lufthansa Technik’s digital platform AVIATAR to improve the customer experience in aviation analytics. Honeywell Connected Maintenance analytics are now being fully integrated into AVIATAR’s Predictive Health Analytics (PHA) suite, which will grow to more than 100 Predictors for multiple Airbus and Boeing aircraft types. Airline

Read More »

Delta Cargo reveals newest cooler at JFK International Airport

Delta Cargo has revealed its newest cooler at John F. Kennedy International Airport. From pharmaceuticals to flowers, perishable goods flying in and out of New York’s John F. Kennedy International Airport will now receive further improved higher-touch handling.   The new, state-of-the-art facility is the largest of its kind at JFK and offers an upgraded experience

Read More »

Etihad Airways returns to Kolkata, India

Etihad Airways, the national carrier of the UAE, touched down in Kolkata, India, on March 26, as the airline made its much-anticipated return to the city. With a total of seven-weekly nonstop services, the airline will once again connect India’s financial capital, Kolkata, with the world through Abu Dhabi. The first flight on the new

Read More »

Jet Aviation obtains FOCA approval for line maintenance in Zurich

Jet Aviation announced today that it has successfully obtained approval from the Swiss Federal Office of Civil Aviation (FOCA) for its line maintenance repair station in Zurich. The facility is authorised to perform line maintenance on a range of business aircraft. Jet Aviation launched line maintenance in Zurich in May 2022, under a temporary extension

Read More »

Brussels Airlines to welcome Dorothea von Boxberg as new CEO

Currently Chairperson of the Executive Board of Lufthansa Cargo AG, Dorothea von Boxberg will shortly become the new CEO of Brussels Airlines. The appointment is subject to a pending resolution by the Board of Directors of SN Airholding. She is due to take up her new position on April 15 this year and will also

Read More »

Airbus delivers first A321neo from FAL Tianjin

Airbus has delivered the first A321neo aircraft assembled at its final assembly line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF  engines and features 207 comfortable seats, eight in Business and 199 in Economy Class. Its delivery flight is to use a ten percent

Read More »
aviation news


AviTrader Aviation Media Pack

Learn more on how AviTrader can expand your market

Please contact

Tamar Jorssen
Vice President Sales & Marketing
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1

Subscribe to the most widely accepted news source in the aviation industry!

Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.

Scroll to Top