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July 25, 2018

Asia Pacific Airlines' air cargo tonnage up 3.4% in June

Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) shows international air cargo demand saw further growth, but at a more moderate pace, in line with underlying trade conditions.

The global manufacturing sector, whilst still expanding, experienced slower growth in June. Against this backdrop, Asia Pacific carriers recorded a 3.4% year-on-year increase in air cargo demand as measured in freight tonne kilometres (FTK) for the month, less than the increase of 4.9% in May. The average international freight load factor declined by 1.9 percentage points to 64.5% in June, on the back of a 6.4% expansion in offered freight capacity.

The region's airlines also carried 29.5 million international passengers in June, a solid 10.7% increase compared to the same month last year.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, "Asian airlines continued to benefit from sustained regional and wider economic growth, as well as improvements to connectivity within and across regions. Overall, the first half of the year saw the region's airlines register a solid 8% increase in the total number of international passengers carried to 176 million."

"Within the same period, international air cargo demand registered an encouraging 5% increase, bolstered by further expansion in the manufacturing sectors, although growth in new export orders has slowed in recent months."

Source: AAPA