Asia Pacific sees cargo stabilisation

Preliminary traffic figures for the month of October by the Association of Asia Pacific Airlines (AAPA) showed a stabilisation of air cargo traffic while international passenger markets sustained their growth track.


Asia Pacific sees cargo stabilisation


Preliminary traffic figures for the month of October by the Association of Asia Pacific Airlines (AAPA) showed a stabilisation of air cargo traffic while international passenger markets sustained their growth track.

International air cargo demand as seen by Asia Pacific airlines in October provided further evidence that volumes have stabilised following very weak market conditions over the past two years, the AAPA said. Expressed in freight tonne kilometres (FTK), international air cargo traffic registered a 2.1 per cent increase compared to the same month last year.

But while it may provide some measure of relief, the growth did not keep pace with the four per cent increase in offered freight capacity, resulting in a 1.2 percentage point fall in the average international freight load factor, to 66.1 per cent for the month.

Growth in international passenger demand, on the other hand, maintained its momentum in October, with Asia Pacific airlines reporting a strong 8.3 per cent increase in the number of passengers carried to a combined total of 18.5 million passengers.

Commenting on the results, Andrew Herdman, AAPA director general said: “The continued recovery of the global economy boosted traffic for the region’s carriers, driving further growth in both business and leisure travel. In air cargo markets, the cumulative decline in air freight demand narrowed to 1.3 per cent during the first ten months of the year.