Clive's first monthly market analysis raises questions
The global air cargo market saw a 4% year-on-year decline in the four weeks to 2 February 2020, according to the latest "dynamic load factor" market intelligence from Clive Data Services, consolidates data shared by a representative group of international airlines. The dynamic load factor fell two percentage points relative to last year to 65%.
Managing director Niall van de Wouw: "While the industry traditionally anticipates lower demand during the Chinese New Year, the big unknown now is the impact of the coronavirus at the start of a year where there was previously slight optimism for a modest recovery in air cargo volumes. The impact of the coronavirus on volumes out of China will become clearer in the weeks to come when the factories reopen and their supply chains are brought up to speed again." (ah)