Cargo still at a low in October
APAC airlines saw a decline of 5.8 per cent in cargo demand
November 26, 2012
Preliminary traffic figures for October released by the Association of Asia Pacific Airlines (AAPA) were a replay of the earlier month: weak air cargo demand but growth in international passenger traffic.
International air cargo demand carried by Asia Pacific airlines, expressed in freight tonne kilometre (FTK) terms, declined by 5.8 per cent year-on-year in October. Offered freight capacity was reduced by 6.1 per cent. According to Andrew Herdman, AAPA director general, the global air cargo markets were still depressed. “Overall, the air cargo market is characterized by weak demand and excess capacity, maintaining downward pressure on rates,” he said.