According to preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) the expansion in air cargo markets accelerated further in March.
The month saw the region’s carriers register a healthy 12.7% increase in international air cargo demand, as measured in freight tonne kilometres (FTK). Offered freight capacity expanded by a comparatively modest 3.0%, resulting in a significant rise in the average international freight load factor, by 5.8 percentage points to reach 67.6% for the month.
Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “Air cargo markets experienced a strong start to the year, with a firm 9.6% increase during the first quarter of 2017. Elevated consumer and business confidence levels in some developed and emerging market economies translated into increased orders, thus supporting demand for air freight shipments.”
Looking ahead, Mr. Herdman continued, “The outlook for air passenger and cargo markets remains positive, against the backdrop of a broad upturn in global economic conditions. However, the airline operating environment has become increasingly challenging, with oil prices off historic lows, and increasing cost pressures due to rising input costs. Asia Pacific carriers will continue to strive for cost efficiencies whilst launching new destinations and maintaining customer service innovation.”
Source: AAPA< Return