Asia Pacific airlines report demand weakness

Airlines based in the Asia Pacific region saw demand decline in October as weaker activity in major economies continued to take its toll.
The latest figures from the Association of Asia Pacific Airlines showed that October’s air cargo shipments slipped by 0.7% in freight tonne km terms compared with the same month last year.
The association said this decline reflected continued weakness in export-import activities in major regional economies, including China, India and Japan.
The average international freight load factor fell further, registering a 2.2 percentage point contraction to 64.2% for the month after accounting for a 2.7% increase in offered freight capacity.
For the first ten months, demand is up slightly on the 2014 level for the same period.
AAPA director general Andrew Herdman said: “For the January-October period, air cargo demand grew by 2.2%, held back by lacklustre global trade conditions that continue to dampen Asian air cargo markets.
“Air cargo markets are expected to remain soft, given weak global trade conditions.”
While year-on-year figures for October lag behind the year ago level, there has been some improvement compared with September as the peak season kicks in.

Share this story

Related Topics

Latest airlines news

Korean Air and Vienna Airport partner on cargo

Korean Air has signed an agreement to strengthen its air cargo partnership with Vienna International Airport. The partnership aims to…

Read More

Share this story

Perishables lift Cathay Pacific cargo volumes in January

Perishables shipments helped to raise air cargo volumes at Cathay Pacific in January year on year. The airline carried 114,790…

Read More

Share this story

Etihad appoints Brun as vice president cargo

Etihad Airways has appointed senior Geodis airfreight specialist Stanislas Brun to the role of vice president cargo. Brun will be…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.