Cargo sees “encouraging revival”: AAPA

Preliminary figures for the full calendar year 2014 released today by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in international air passenger demand, whilst air cargo markets experienced an encouraging revival in demand after three consecutive years of declines.


Cargo sees “encouraging revival”: AAPA


Preliminary figures for the full calendar year 2014 released today by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in international air passenger demand, whilst air cargo markets experienced an encouraging revival in demand after three consecutive years of declines.

An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand as expressed in freight tonne kilometre (FTK) terms growing by a solid 5.4 per cent compared to the previous year. Available freight capacity grew at a relatively modest pace of 4.1 per cent, resulting in a 0.8 percentage point increase in the average international freight load factor to 64.9 per cent.

A total of 256.1 million international passengers flew on the region’s carriers in 2014, representing an annual increase of 4.8 per cent from the previous year.

Sustained growth in Asian regional economies, and robust trade activities supported by stronger US markets, helped underpin business and leisure travel demand, according to AAPA. However, the combined 4.7 per cent increase in international passenger traffic, in revenue passenger kilometre (RPK) terms, was slightly outpaced by a six per cent expansion in available seat capacity, which led to a one percentage point decline in the average international passenger load factor to 77 per cent for the year.