Advocating for the use of dynamic load factors
TIACA calls for the air cargo industry to adopt the dynamic load factor methodology, developed by CLIVE Data Services, in addition to the traditional weight-based load factor indicators. Taking into account both volumes and weight, the dynamic load factors give a better view on how air cargo capacity is being utilized.
More on dynamic load factor methodology (pdf).
TIACA provides its members with dynamic load factor analysis through monthly economics briefings and regular Economics4Cargo webinars exclusive to TIACA members.
NEW: Monthly Economic Report
TIACA launched a monthly airfreight economic briefing provided by CLIVE Data Systems with a focus on dynamic load factor results in air cargo.
The global dynamic load factor for the month of October reached a record 71%, which was an 1.6% points increase versus the month of September. The third week of October had even a higher load factor of 72%, which is the highest global load factor since we started measuring in May 2018.
This load factor is 8% points higher than in October 2019. As everybody knows, this is not due to a high demand, but because of the low supply (air cargo capacity). While the air cargo volumes are down (year-over-year) by -13%, the capacity has reduced by -26%; thus pushing the load factor upwards to unprecedented levels.
The increase of 1.6% points versus September 2019 was caused by an increase in volumes – possibly indicating the start of the traditionally strong fourth quarter of the year.
Get access to exclusive economic briefings
Monthly Economics4Cargo webinars run by TIACA and CLIVE provide a global and regional overview of our industry. Interested in a preview of a webinar or sponsoring the next one? Contact Kenneth Gibson below for more information.