Asian carriers see international cargo volumes drop 15% in 2020

By Damian Brett

5G buffer zones will be implemented at 50 US airports. Photo: Shutterstock

Airlines based in the Asia Pacific region saw their international cargo volumes decline by more than 15% last year as the impact of the Covid-19 outbreak took its toll.

Figures from the Association of Asia Pacific Airlines (AAPA) show that in 2020 international scheduled cargo traffic declined by 15.5% year on year to 60.2bn freight tonne kms (FTK).

Non-scheduled and charter operations, which AAPA does not include, would have helped offset some of the declines.

Meanwhile, cargo capacity fell by the higher amount of 24.4% on a year earlier, pushing up the cargo load factor for the year by 7 percentage points to 59.4%.

In December, cargo traffic fell by 6.4% compared with last year to 5.8bn FTK, while the load factor increased by 12.2 percentage points to 71.9%.

The organisation said that last year cargo yields offered a welcome boost to operating revenues but added that airlines continue to face an existential crisis with commercial passenger operations remaining at a standstill.

 

AAPA December 2020 figures

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Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector. After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015. Contact me on [email protected]