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While air cargo demand factors will be hard to predict in “a year of uncertainty,” the outlook for capacity, exacerbated by an ageing fleet and slow deliveries, is depressingly clear, delegates at this week’s World Cargo Summit in Bruges heard.
“Demand constantly outstripped supply growth month by month” in 2024, according to McKinsey data, and the lack of capacity available in the market it set to be one of the biggest threats to the industry’s growth in the coming years.
There is, already, a depleted fleet, and 31% of available freighters are “grandparents” at 30 years and older.
“Over many years we have seen an ageing of our freighters. But the last five years have been crazy and massive,” said partner at McKinsey & Co Ludwig Hausmann.
Read more in an article from The Loadstar