Asia Pac air markets firm up to CNY

Preliminary traffic figures for the month of January released by the Association of Asia Pacific Airlines (AAPA) showed a continuation of steady growth in international passenger traffic, while air cargo markets were also relatively firm in the lead up to the Chinese New Year holidays.


Asia Pac air markets firm up to CNY


Preliminary traffic figures for the month of January released by the Association of Asia Pacific Airlines (AAPA) showed a continuation of steady growth in international passenger traffic, while air cargo markets were also relatively firm in the lead up to the Chinese New Year holidays.

International air cargo demand in freight tonne kilometre (FTK) terms registered a 3.9 per cent increase compared to the same month last year, slightly boosted by the earlier timing of the Chinese New Year holidays this year. Offered freight capacity expanded by 5.3 per cent, resulting in a 0.7 percentage point decline in the average international freight load factor to 61.3 per cent.

Commenting on the results, Andrew Herdman, AAPA director general said: “The year started on an encouraging note for Asian carriers, with solid increases in passenger numbers maintaining the established growth trend. Nevertheless, Asian carriers face a number of headwinds including recent stock market and currency volatility in emerging markets, and widespread competitive pressures holding down yields.

“Furthermore, the situation in the air cargo market remains quite difficult, with little evidence of any sustained pickup in demand given sluggish international trade growth, whilst freight rates remain reassured by an overhang of excess freighter capacity.”