Asia Pacific airlines freight volumes slowed slightly in August

According to preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) air cargo demand slowed slightly in August.

Asia Pacific airlines saw international air cargo demand in August grow by 2.5% in freight tonne kilometre (FTK) terms. The average international freight load factor edged marginally higher by 0.1 percentage points to 60.5% in August, on a 2.3% increase in offered freight capacity.

On the passenger side, a total of 25.9 million international passengers were carried by Asia Pacific airlines in August, 4.1% more than the same month last year.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “Global freight markets remained subdued,” noting that “Asia Pacific airlines saw generally lacklustre international air cargo demand for the January-August period, registering a 0.7% volume decline compared to the same period last year, although the shortfall has narrowed following a modest uptick in recent months.”

Source: AAPA

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