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August 29, 2017

Asia Pacific airlines' air freight volume up another 10% in July

According to preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) July air cargo demand for the area's air carriers forged ahead, registering another month of solid growth.

Total air cargo demand, in freight tonne kilometre (FTK) terms, recorded a double-digit increase of 10.9% in July, supported by new business orders from developed economies, particularly Europe.

The average international freight load factor of 66.0% was 3.8 percentage points higher than the same month last year, after accounting for a 4.4% expansion in offered freight capacity.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, "The overall demand outlook remains positive, with the steady expansion in the global economy supporting both air passenger and air cargo markets. However, given the highly competitive market conditions, Asia Pacific airlines are focusing on carefully managing costs whilst at the same time looking for new revenue opportunities to support future growth and maintain profitability."

Source: AAPA