Cargo volumes stuck at 2007 levels: AAPA

Preliminary traffic figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed continued softness in international air cargo demand, while growth continues in international air passenger traffic.


Cargo volumes stuck at 2007 levels: AAPA


Preliminary traffic figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed continued softness in international air cargo demand, while growth continues in international air passenger traffic.

The weakness in global air cargo markets persisted, as reflected in a 5.3 per cent decline in international air cargo traffic, in freight tonne kilometre (FTK) terms for Asia Pacific carriers. The average international air cargo load factor of the carriers fell by 1.6 percentage points to 66.6 per cent for the month, based on a three per cent contraction in offered freight capacity.

Commenting on the results, AAPA director general Andrew Herdman said: “Air cargo markets remained weak amidst
real concerns about the euro zone, and further evidence of slowing growth, spreading to the major developing economies. Air cargo traffic carried by Asian airlines declined by five per cent in the first five months of this year. It is worth reflecting on the fact that global
air cargo volumes are stuck at levels first seen five years ago, before the global recession.”

Meanwhile, the airlines in the region carried 16.6 million international passengers in the month of May, an increase of 8.9 per cent compared with the same month last year. International
passenger traffic, measured in revenue passenger kilometre (RPK) terms, grew by seven per cent. Growth in available seat capacity matched the increase in traffic demand, resulting in an average
international passenger load factor of 73.7 per cent for the month.