Asia Pacific airlines saw robust growth in air cargo demand in May

According to preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) the area’s air air carriers saw robust growth in international air cargo demand in May.

Trade activity remained buoyant in May, with Asian carriers seeing international air cargo demand, as measured in freight tonne kilometres (FTK), registering a solid 12.2% increase compared to the same month last year. The average international freight load factor also rose significantly, by 4.7 percentage points to 65.6%, following a comparatively modest 4.3% expansion in offered freight capacity.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “The ongoing pick-up in the global economy, accompanied by increased consumer and investment spending has provided a boost to both international air passenger and air cargo markets. Asian carriers are major players in the global air cargo market, and continue to benefit from the upswing in trade growth.”

Looking ahead, Mr. Herdman continued, “The outlook for both air passenger and air cargo markets remains positive, supported by broad-based expansion across sectors. However, airline profitability remains constrained by competitive yield pressures and higher operating costs. Fuel prices, in particular, have risen by 38% to average US$53 per barrel during the first five months of the year. Given the still challenging operating environment, airlines remain focused on disciplined cost management efforts throughout the business, whilst pursuing further growth opportunities.”

Source: AAPA

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