AAPA data is no encouragment
AAPA – the Association of Asia Pacific Airlines – has revealed that international air cargo traffic on the region’s carriers was down by 0.8 percent year-on-year in June. This reflected continued weakness in global trading conditions, the industry body said.
There was better news for the international air cargo load factor, which rose by 0.4 percentage points to 67.8 percent as available capacity was reduced by 1.4 percent.
Andrew Herdman, AAPA director general, noted that the picture for the first half of this year was little better: “Air cargo markets remained depressed, with Asian airlines’ international air cargo traffic, measured in FTK?(freight tonne-km) terms, down by 4.3 percent for the first six months of the year, reflecting weak consumer confidence in major developed markets.”