Flight cancellations caused by a typhoon in Northeast Asia and national holidays in several European countries have led to a significant mid-August fall in air cargo tonnages, according to the latest figures and analysis from WorldACD Market Data.
Air cargo tonnages in week 33 (12 to 18 August) dipped sharply, by -7% compared with the previous week, dropping especially steeply from Asia Pacific (-9%) and Europe (-11%) origins. Further analysis, based on the more than 450,000 weekly transactions covered by WorldACD’s data, reveals that most of the decline ex-Asia Pacific (almost 70%, or -6% points out of the -9%) can be explained by a drop in tonnages ex-Japan (-47%) due to a typhoon that led to flight cancellations to and from the island nation. Flights to and from South Korea were also affected, but to a much lesser extent.
