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January 09, 2019
Asia Pacific Airlines report easing of cargo demand
Preliminary traffic figures for the month of November released by the Association of Asia Pacific Airlines (AAPA) indicate that air cargo volumes remained relatively high but demand growth was almost flat for the month.
International air cargo demand as measured in freight tonne kilometres edged 0.1% higher in November, just matching the strong demand recorded during the same month in the previous year. Offered freight capacity increased by 5.9% leading to a 3.8 percentage point decline in the average international freight load factor to 65.2%.
Commenting on the results, Mr. Andrew Herdman, AAPA Director General said: "The moderation in export activity with slowing business orders, contributed to the slowdown in air cargo growth for the month, although this was mitigated by higher volumes of e-commerce shipments going into the end-year festive season."
"Overall, the region's airlines recorded a cumulative 4.3% increase in air cargo demand during the first eleven months of the year, a reasonably solid growth rate following the exceptionally strong 9.6% annual increase recorded in 2017."
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