Dear Valued Customers,
We hope you; your family & colleagues are safe and best in health.
India continues to face a dynamic and challenging situation that has an impact on Air Freight needs. In this newsletter, we would like to update you regarding the present situation of Air Freight in India.
Overview of Air Freight
The global capacity has declined by -26% in August 2020. Industry-wide Cargo Tonne Kilometre (CTK) has fallen to -13.3% YoY in July 2020 along with international belly cargo capacity which is down 70.5% YoY.
Despite growing uncertainty in COVID-19 developments, economic activity continued to recover in July 2020. Indicators such as manufacturing output and new export orders are improving but Chinese golden in October 2020 first week has strained capacities further and created backlogs at major hubs - PVG, HKG, PEK, SZX, CAN etc. While Middle Eastern carriers continue to recover at a slow and steady pace since the peak decline but carriers from China and Hong Kong have slowed down again after an initial uptick in May 2020.
COVID – 19 Vaccine Impact on Air Freight
Apart from global capacity reduction in the present situation, we are also expecting similar situation in the near future due to distribution of COVID – 19 vaccine. Some of the highlights regarding this are :-
Situation at Major Indian Airports
Current Air Import Capacity
We have a dedicated capacity for import from various countries for which the schedule along with our available capacity is mentioned below:
Weekly Capacity (Approx.)
Current Air Export Capacity
We have a dedicated capacity for export to various countries for which the schedule along with our available capacity is mentioned below:-
The market share of road transportation stood at 80% during August 2020. It also has witnessed traction with a gradual increase in the availability of trucks along with the supply of laborer’s but due to increasing diesel prices, the average freight rates are witnessing an upward trend.If you need specific information on this topic kindly contact your respective account manager or sales contacts.
Relevant Contact for the news:
Vivek ChopraProduct Management – Air FreightEmail: firstname.lastname@example.org
Suresh Kumar KannappanChief Commercial OfficerEmail: email@example.com