New Zealand Trade and Enterprise says interest in fresh New Zealand produce is surging in China, Taiwan, and Hong Kong. The Chinese economy is beginning to recover after two months in lockdown due to the coronavirus – but the path to recovery is uneven.
The International Air Transport Association (IATA) released a new analysis showing that the damage to air travel from COVID-19 extends into the medium-term, with long-haul / international travel being the most severely impacted.
8-minute read (12-minute watch (feel free to increase play speed 2X))
Why are airplanes grounded when the world needs it most? How will airlines fly again? it employs millions and acts as the central nervous system of international business and leisure.
The Government is freezing charges at the border to help export and import businesses and protect jobs from the impacts of COVID-19, said Minister of Customs Jenny Salesa.
With the outbreak of COVID-19, many governments implemented strict social distancing requirements to help limit the spread of the virus. Some governments have applied similar measures to air travel, including that airlines should leave empty seats between passengers in the aircraft.
When such policies are pursued, the seat load factor of an aircraft is artificially capped.
Government support to help restore international air freight capacity has added 56 weekly cargo flights from New Zealand, with more to come, Transport Minister Phil Twyford announced today.
2-minute readImpact to date
Domestic transport and logistic services are in heavy demand replenishing stores with food and other consumer goods which have come into demand following preparations for the potential domestic impact of the coronavirus.
7-minute readAirline Business Confidence Index
• Our April 2020 survey of airline CFOs and Heads of Cargo confirmed the sharp weakening in the Q1 business environment amid the spread of COVID-19.
The challenging business backdrop – including weakness in profitability – is expected to be maintained through the next twelve months.
• Passenger and cargo demand both collapsed in Q1, although the decline was more pronounced for passenger traffic.
Yield developments were mixed, with respondents reporting that passenger yields eased over the course of the quarter, while cargo yields increased.
7-minute readAir Cargo Plunges in March as Covid-19 Spreads Globally
• Industry-wide cargo tonne kilometres (CTKs) contracted by 15.2% year-on-year in March, driven by sharply weaker demand across all regions as the COVID-19 outbreak extended to become a global pandemic.
• Industry-wide cargo capacity declined by 22.7% annually due to the reduction in bellyhold capacity, as the passenger fleet were increasingly grounded. Dedicated freighter operations raised their capacity and some passenger aircraft shifted to cargo-only operations which partly offset this decline. With capacity contracting by more than demand, the global cargo load factor improved by 4.8 ppts in March, compared with the same period a year ago.
There is a growing shortage of shipping containers. Cargo and freight being exported use the empty containers from goods that come into the country.
With a drop in imports containers may become scarce. Will you be affected?