May cargo figures see continued growth: AAPA

May's 4.7 per cent cargo expansion furthers the momentum of earlier months.

AAPA Andrew Herdman Association of Asia Pacific Airlines cargo volume May

Preliminary traffic figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in demand for both air freight and international passenger markets.
International air cargo demand in freight tonne kilometres increased by 4.7 per cent in May, with export shipments by air to the US and Europe having gained momentum, AAPA said. Offered freight capacity registered a four per cent increase. As a result, the average international freight load factor edged 0.5 percentage points higher to 64.9 per cent in May compared to the same month last year.
Commenting on the results, Andrew Herdman, AAPA director general said: “During the first five months of the year, Asia Pacific airlines carried a combined total of 103 million international passengers representing 5.5 per cent growth, whilst air cargo demand grew by 4.4 per cent in the same period. The growth in demand seen in both the passenger and air freight markets reflects generally positive economic sentiment in global markets.
“Nevertheless, pricing remains very competitive across all segments of the industry, and the recent jump in oil prices above the US$110 mark is another cause for concern.  Asian carriers continue to carefully manage capacity in line with demand growth, keeping a tight rein on costs to maintain profitability.”