Asia Pacific airlines’ cargo business enjoyed robust demand in November

According to preliminary traffic figures for the month of November released by the Association of Asia Pacific Airlines (AAPA) the international air cargo markets of the area’s air carriers continued to enjoy robust demand, reflecting the ongoing global economic upswing.

Solid expansion in new business orders, underpinned by strong demand from advanced economies, helped support further growth in air cargo volumes for the region’s airlines.

As a result, demand as measured in freight tonne kilometres (FTK) climbed 9.2% higher in November. Growth in demand significantly outpaced the 4.7% expansion in offered freight capacity, resulting in a 2.9 percentage point increase in the average international freight load factor to 69.4% for the month.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “With business and leisure travel demand spurred by steady growth in the global economy, the first eleven months of the year saw a healthy 6.0% increase in the number of international passengers carried by Asian airlines to a combined total of 288 million. Within the same period, international air cargo demand increased by 10.0%, on the back of the firm pick- up in global trade activities.”

Looking ahead, Mr. Herdman added, “2017 is expected to end on a positive note for both passenger and cargo traffic given current trends. With the global economy riding on positive business and consumer confidence levels amid continued expansion in order books, the demand outlook for Asian carriers remains positive. In the meantime, the region’s airlines remain focused on effectively managing capacity in response to evolving patterns of market demand as well as improving operational efficiency.”

Source: AAPA

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