Asian airlines see cargo demand slide in May

Asian airlines saw air cargo demand slide in May, while extra capacity caused load factors to decline.
The latest figures from the Association of Asia Pacific Airlines (AAPA) show that air cargo demand increased by 0.7% year on year in May in freight tonne km terms.
Meanwhile, freight capacity was up by 2%, which caused a 1.6 percentage point drop in international load factors to 61.3% for the month.
AAPA director general Andrew Herdman said: “International air cargo demand remained soft, with year-to-date demand registering a 3.9% decline compared to the same period a year ago, reflecting the weak trading conditions in the global economy.”
While airfreight demand declined during May, passenger traffic was up by 2.8% compared with the same month a year earlier.

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