Air freight load factors continued to climb through November 2019, offering hope to a sector desperate to see a rebound in 2020.According to the latest analysis from WorldACD, load factors have climbed steadily since August, improving by 2% to 2.5 % in each of the months of September, October and November.
The most striking feature in the November results was the ongoing growth in China and Hong Kong. The two locations taken together for the months of October and November increased their outgoing volumes by 4.6% compared with the year 2017 and by 5.1% compared with 2018.
Main engines behind this growth are the destinations Europe and the Middle East and South Asia (MESA), though exports to North America decreased. Also high-tech was the fastest growing export product category in China and Hong Kong.
Source : Various Agencies