Aviation industry - monthly freight load factor by region 2020

Compared to the previous year, the global aviation industry's freight load factor (FLF) recovered despite the coronavirus outbreak in December 2019. The freight load factor (FLF) for airlines in the Asia Pacific region increased by 8.5 percent in November 2020.

Air freight market worldwide

Air freight is a crucial means of transport of goods for industries that perform under restricted timespan. Its operations enable a firm to realize a transportation within a few hours instead of days or weeks. Nonetheless, it is the least cost-effective for most of the industrial organizations. Between 2009 and 2019, air freight traffic continued to recover back to its pre-2008 crisis level. The global air freight market size is forecasted to increase between 2019 and 2022 exponentially, reaching 37 million metric tons.

Impact of COVID-19 on the air freight market

Despite the slowdowns in the air freight levels since 2020, countries imposed less strict measures on air freight cargo compared to the passenger aviation, which is estimated to experience a 314 billion U.S. revenue loss in 2020. As the cross-border transportation is banned in many countries, air freight cargo may become an alternative to transport goods until the COVID-19 has been contained. Besides, since the beginning of 2020, the air freight rates between Hong Kong and Europe, and Hong Kong and North America have declined presumably due to a reduction in total demand.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Year-on-year freight load factor (FLF) change in November 2020, by region

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Source

Release date

January 2021

Region

Worldwide

Survey time period

November 2019 and November 2020

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Statistics on "Coronavirus: impact on the aviation industry worldwide"

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