Asian carriers face multiple challenges

Preliminary traffic figures for the month of February released by the Association of Asia Pacific Airlines (AAPA) showed further air cargo market flatness in February – due largely to the timing of the Chinese New Year holidays – while growth in international passenger markets continued to climb. Measured in freight tonne kilometres (FTK), international freight demand of Asia Pacific carriers was 0.3 per cent lower compared to the same month last year, partly a result of the closure of regional manufacturing plants during the Chinese New Year holidays.


Asian carriers face multiple challenges


Preliminary traffic figures for the month of February released by the Association of Asia Pacific Airlines (AAPA) showed further air cargo market flatness in February – due largely to the timing of the Chinese New Year holidays – while growth in international passenger markets continued to climb. Measured in freight tonne kilometres (FTK), international freight demand of Asia Pacific carriers was 0.3 per cent lower compared to the same month last year, partly a result of the closure of regional manufacturing plants during the Chinese New Year holidays.

Offered freight capacity increased by 1.6 per cent, resulting in a 1.2 percentage point fall in the average international freight load factor to 61.2 per cent.

Commenting on the results, Andrew Herdman, AAPA director general said: “During the first two months of the year, the region’s airlines carried a total of 41 million international passengers, a solid 7.4 per cent increase compared to the same period last year. Regional economic growth remained robust, whilst modest economic improvements in the Euro zone helped boost business and consumer confidence, in turn lending support to international passenger travel. For international freight markets, combined figures for the first two months showed a two per cent increase compared to weaker volumes seen during the same period last year, but the recovery in air cargo demand remains somewhat tentative.”