The week after Christmas and the first week of the New Year are typically slow from an air cargo point of view. However, recent weeks have shown quite a different pattern on the Atlantic tradelane. The graph above show that in the weeks 48-51 the dynamic load factor for flights from Europe to North America was 4% points higher than for the same weeks in 2019. In 2020 it hovered around 85-86% and around 82% in 2019.
Last year the load factor dropped in weeks 52 and 1 to 68% and 66%% respectively, but this time around the load factors only dropped to 84% and 74%. The further reduction in capacity as well as a more resilient demand for air cargo, pushed the load factors up to levels not normally seen in the ‘doldrums’.