AsiaPac air cargo demand remains weak in August

Air cargo markets in the Asia Pacific region remained relatively weak in August, according to the latest data from the Association of Asia Pacific Airlines (AAPA).
The association stated: “The weakness in air cargo markets extended to the month of August, with demand in freight tonne kilometre (FTK) terms recording a slight 0.3% decline compared to the same month last year.
“Offered freight capacity grew by 3.3%, and consequently the average international freight load factor fell by 2.2 percentage points to 61% for the month.”
By comparison, the AAPA airline membership carried a combined total of 24.9m international passengers in August, 7.2% more than the same month last year.
Commenting on the results, AAPA director general Andrew Herdman said: “Air cargo markets remain weak, reflecting a further slowdown in world trade in recent months. Overall, however, after accounting for the initial growth spurt earlier this year, air cargo demand has still registered a 3.0% increase for the first eight months of the year."
Herdman concluded, "The outlook for air cargo markets is more uncertain, given signs of weakness in global trade activities, but should see some seasonal demand as we move towards the end of the year."
AAPA’s finding’s reflect cargo demand figures reported by airlines for the month of August.

Share this story

Related Topics

Latest asia news

Yusen Logistics takes operations to Ezhou Huahu Airport

Japanese firm Yusen Logistics plans to start cargo terminal and charter operations at Ezhou Huahu Airport in China next year….

Read More

Share this story

Challenge Group launches freighter service to Mumbai

Challenge Group has decided to launch a scheduled freighter route between Mumbai (BOM) and Liège (LGG). Operating twice weekly, the…

Read More

Share this story

My Freighter adds third ATSG 767-300P2F

Uzbekistan-based carrier My Freighter has taken delivery of its third newly converted Boeing 767-300 passenger to freighter (P2F) aircraft from…

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.