MALAYSIA: Asia continues to power cargo growth

The Association of Asia Pacific Airlines (AAPA) said its member airlines’ cargo volumes rose 16.1 per cent for the month of October, compared to the same period last year. The overall load factor rose 1.1 per cent to 71.1 per cent based on a 14.8 per cent increase in capacity. Noting the continued improvement in […]


The Association of Asia Pacific Airlines (AAPA) said its member airlines’ cargo volumes rose 16.1 per cent for the month of October, compared to the same period last year. The overall load factor rose 1.1 per cent to 71.1 per cent based on a 14.8 per cent increase in capacity. Noting the continued improvement in the aviation sector, Andrew Herdman, AAPA director general commented: “The dynamic economies of Asia are powering ahead and so are its airlines. Passengers are back in numbers, and the return of premium class passengers and airfreight is particularly welcome. The improving mix of business, coupled with disciplined capacity management, has seen Asian airlines leading the industry in returning to profitability.” He added that in the first ten months of the year the sharp rebound in global trade led to a 28.5 per cent jump in international air cargo traffic. The double digit traffic growth rates seen throughout 2010 are expected to gently ease back towards long term trends, but with the region still delivering dynamic growth, the overall outlook for Asian carriers for the coming year remains very positive, he said.