Asia Pac carriers see 2013 cargo drop

Preliminary figures for the full calendar year 2013 released today by the Association of Asia Pacific Airlines (AAPA) reaffirmed the pattern of continued soft air cargo market conditions in contrast to steady growth in international air passenger demand.


Asia Pac carriers see 2013 cargo drop


Preliminary figures for the full calendar year 2013 released today by the Association of Asia Pacific Airlines (AAPA) reaffirmed the pattern of continued soft air cargo market conditions in contrast to steady growth in international air passenger demand.

International air cargo demand for Asia Pacific carriers, expressed in freight tonne kilometre (FTK) terms, recorded a marginal contraction of 0.6 per cent in 2013, albeit an improvement from the steeper declines seen in 2012 and 2011. In spite of the fall in demand, the year saw a 1.1 per cent expansion in cargo capacity, resulting in a 1.1 percentage point decline in the average international freight load factor to 65.4 per cent.

Asia Pacific airlines carried a combined total of 220 million international passengers in 2013, 12 million more than in the previous year, representing six per cent growth.

Commenting on the results , Andrew Herdman, AAPA director general said: “Overall, Asia Pacific airlines recorded another year of solid growth in international passenger traffic in 2013.

Regional economies slowed a little, but maintained positive growth rates, while signs of recovery in Europe and a stronger pickup in the US economy led to broader improvements in business and consumer sentiment. Air cargo markets remained subdued in 2013, but picked up towards the end of the year in line with increasing demand for Asian exports in the major developed markets.”