2012: Bad year for Asia Pacific air cargo, says AAPA

The situation improved only towards the end of the year

AAPA Andrew Herdman Association of Asia Pacific Airlines cargo demand depressed international air cargo weak market conditions

Preliminary figures released by the Association of Asia Pacific Airlines (AAPA) confirmed weak market conditions for international air cargo through the whole of 2012. International air cargo demand, expressed in freight tonne kilometre (FTK) terms, declined by 3.4 per cent in 2012 as a result of continued weakness in global trading conditions. This was matched by a 3.2 per cent reduction in offered freight capacity, leading to a marginal 0.2 percentage points decline in the average international freight load factor, to 66.5 per cent for the year. Commenting on the results, Andrew Herdman, AAPA director general said that air cargo demand remained depressed for most of the year, only showing some signs of stabilising towards the year-end.