As we have reported in Cargo Facts, several of the world’s big cargo carriers have begun returning parked capacity to their fleets. Cathay has already brought one 747-400BCF back from the desert and is in the process of bringing back four more. Aeroflot is reported to be resuming a full operation schedule for its three MD-11Fs after cutting back drastically last year, and Lufthansa Cargo is bringing two of its parked MD-11Fs out of the desert and returning them to flight-ready condition (although no date for re-entry into service has been set).
These are all indicators of the return of demand for air freight, which is definitely good news in an industry that has been hit particularly hard by the recession. However, it is worth remembering that it was not just a fall in demand which caused the pain of the last two years, but also a fall in yield brought about by overcapacity. The reason that yields have improved so dramatically in the last six months is that so much capacity was removed last year. If carriers respond to the increase in demand by abandoning discipline and throwing capacity back into their networks as fast as possible, the good news will rapidly turn bad.Like This Post