Firm 6.4% Oct cargo growth for Asian carriers

Preliminary traffic figures for the month of October released by the Association of Asia Pacific Airlines (AAPA) showed continued growth in both air cargo demand and international passenger numbers.


Firm 6.4% Oct cargo growth for Asian carriers


Preliminary traffic figures for the month of October released by the Association of Asia Pacific Airlines (AAPA) showed continued growth in both air cargo demand and international passenger numbers. International air freight demand, as measured in freight tonne kilometres (FTK), grew by a firm 6.4 per cent in October, on the back of buoyant demand for electronic goods from manufacturing hubs in North Asia. Combined with a more modest 3.8 per cent increase in offered freight capacity, the average international freight load factor climbed 1.5 percentage points to average 66.4 per cent for the month. These same carriers saw 21.9 million international passengers in October, 6.9 per cent more than the same month last year, with positive economic conditions in the region lending support to business and leisure travel markets.

Commenting on the results, Andrew Herdman, AAPA director general said: “During the first ten months of the year, Asia Pacific airlines carried a combined total of 212.5 million international passengers, an increase of 4.8 per cent compared to the same period last year.

Air freight markets grew by 5.1 per cent within the same period. Generally positive regional economic conditions and trade gains provided support for continued growth in both passenger and cargo market segments.”