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April 27, 2018

Asia Pacific Airlines' air cargo growth slows to 2.8% in March

Preliminary traffic figures for the month of March released today by the Association of Asia Pacific Airlines (AAPA) showed firm growth in international air passenger markets, and more moderate but still positive growth in air cargo demand.

International air cargo demand, as measured in freight tonne kilometres (FTK), increased by 2.8% year-on-year in March. Air cargo demand on routes within the region, as well as traffic to and from the region remained encouraging, underpinned by demand for transportation of both intermediate goods and consumer products including strong growth in e-commerce shipments.

Offered freight capacity increased by 5.6% which resulted in an average international freight load factor of 65.5%, 1.8 percentage points lower than in the same month last year.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, "Asian carriers overall saw a significant improvement in earnings performance last year, on the back of the strong growth in air passenger and air cargo demand. However, the airline operating environment remains challenging, with competitive pressures including higher fuel prices and labour expenses. Asia Pacific airlines therefore remain focused in striving for cost efficiencies and productivity improvements whilst seeking avenues for further growth."

Source: AAPA