Asia Pacific airlines’ cargo volumes under pressure in September
24 / 10 / 2019
The latest figures from the Association of Asia Pacific Airlines (AAPA) show that cargo volumes remained under pressure in September.
According to the association, its members saw cargo volumes decline by 6.5% year on year in September – roughly in line with performance for the rest of the year.
Andrew Herdman, AAPA director general, said: “Unresolved trade frictions have undermined business confidence and disrupted global supply chains. Asian airlines saw overall demand for air cargo fall by 5.8% during the first nine months of the year, with the outlook remaining subdued in the near term.”
“Operating conditions are challenging for Asian carriers, which face intense competitive pressures against a backdrop of moderating economic sentiment. Nevertheless, airlines are carefully managing capacity expansion, exercising cost discipline, and streamlining operations in a bid to maintain profitability.”
