Air cargo capacity goes up due to passenger belly: Accenture
Seabury Consulting, now part of Accenture's travel industry practice, has reported that the air cargo capacity increased in the last two weeks mostly driven by passenger belly globally.
November 23, 2020: Seabury Consulting, now part of Accenture's travel industry practice, has reported that the air cargo capacity increased in the last two weeks mostly driven by passenger belly globally.
Asia Pacific trade lanes show double-digit capacity growth compared to the previous two weeks. Freighter capacity only increased significantly on Europe-Asia. Latin America trade lanes show strong declines as capacity has been moved to other regions.
Several airlines have resorted to putting aircraft in long-term storage as they ran out of space at their hub. Top 5 Boneyard airports combined store more than 1,100 aircraft today. Lower regional travel demand has forced many narrow body aircraft into storage.