Preliminary traffic figures for the month of July released by the Association of Asia Pacific Airlines (AAPA) show air cargo demand remained firm despite moderating expansion in the global services and manufacturing sectors.
In July, AAPA Members’s international air cargo demand as measured in freight tonne kilometres (FTK) recorded an encouraging 5.0% increase compared with the same month last year. Consumer confidence so far seems relatively unaffected by the political rhetoric including threats of protectionist measures. The average international freight load factor declined by 0.5 percentage points to 64.4% for the month, following a 5.9% expansion in offered freight capacity.
Boosted by strong leisure travel demand during the holiday season, the region’s airlines registered a 7.6% growth in the number of international passengers carried to a combined total of 31.4 million in July.
Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “The solid pattern of growth seen in the first half of the year continued into the month of July, with Asian airlines reporting further increases in both international passenger traffic and air cargo volumes, sustained by broad-based growth in the global economy.”
Source: APA< Return