Asia-Pac carriers see continuation with Oct cargo down 7.7%

International air cargo markets showed further weakness in October, with Asia Pacific carriers reporting a 7.7 per cent decline in freight tonne kilometre (FTK) terms, compared to the same month last year.


AAPA Andrew Herdman Association of Asia Pacific Airlines


 

Traffic figures for the month of October released by the Association of Asia Pacific Airlines (AAPA) showed a continuation of established trends this year, with weak international air freight markets contrasted  by further growth in international air passenger travel.

 

International air cargo markets showed further weakness in October, with Asia Pacific carriers reporting a 7.7 per cent decline in freight tonne kilometre (FTK) terms, compared to the same month last year. The average international air cargo load factor for Asia Pacific carriers fell by 3.9 percentage points, to 66.8 per cent, after a 2.4 per cent reduction in offered freight capacity.

 

For the first 10 months of 2011 Asia Pacific-based carriers saw international air cargo demand declining by 4.5 per cent compared to the same period last year.