Asian Air cargo faced mayhem in May

Air cargo market remained depressed due to weak global economy

AAPA Andrew Herdman contraction decline freight capacity global recession international air cargo May traffic figures

International air cargo demand continued to remain low, according to the preliminary traffic figures for May released by the Association of Asia Pacific Airlines (AAPA). The airlines of the Asia Pacific region showed a 5.3 per cent decline in international air cargo traffic. The average international air cargo load factor for Asia Pacific carriers fell by 1.6 percentage points to 66.6 per cent for the month, based on a 3.0 per cent contraction in offered freight capacity.

Andrew Herdman, AAPA director general said that while the number of international passengers carried by Asian airlines grew, air cargo markets remained weak “amidst real concerns about the eurozone. Global air cargo volumes are stuck at levels first seen five years ago, before the global recession”.