Asian carriers lead the market in cargo recovery

Preliminary figures compiled by the Association of Asia Pacific Airlines (AAPA) for the month of August 2010, show continued growth in both cargo and passenger demand. International air cargo traffic as measured in freight tonne kilometres (FTKs) registered 25 per cent growth compared to the same month last year. Even with a 20.7 per cent […]


AAPA Andrew Herdman Asian carriers Association of Asia Pacific Airlines cargo recovery


Preliminary figures compiled by the Association of Asia Pacific Airlines (AAPA) for the month of August 2010, show continued growth in both cargo and passenger demand. International air cargo traffic as measured in freight tonne kilometres (FTKs) registered 25 per cent growth compared to the same month last year. Even with a 20.7 per cent expansion in offered freight capacity, the average international cargo load factor increased by 2.4 percentage points to 68.9 per cent. Commenting on the results, Mr Andrew Herdman, AAPA director general said, “Strong demand for air travel and air cargo shipments in August provide further confirmation of the robustness of the ongoing economic recovery across the Asia Pacific region. Overall, for the first eight months of the year we have seen 14.9 per cent growth in the number of international passengers carried, and an even more dramatic 32.1 per cent rebound in the volume of international air cargo. “As a result of the surprisingly sharp V-shaped recovery, traffic levels for Asian carriers have now surpassed the high water marks set before the global recession. The combination of strong volume growth, disciplined capacity management, and an improving mix of business boosted by the recovery in corporate travel, have all helped to restore airline profitability, with Asia Pacific airlines leading the way.”