Executive Briefings

Airfreight Industry Woes Persist in Asia-Pacific

Freight volumes in the Asia-Pacific region fell 4.4 percent, year-over-year, in August, a drop in line with the 4.1-percent, year-over-year, decrease in cargo capacity the area recorded last month. Such losses aren't exclusive to August, however; last month marked the sixth consecutive month of cargo declines in the Asia-Pacific, according to Association of Asia Pacific Airlines statistics.

Cargo traffic in the region has been so sluggish, in fact, that February has been the only month of gains so far this year. Volumes rose 7.8 percent, year-over-year, in February, although this increase is somewhat misleading, AAPA officials asserted at the time. The Chinese New Year fell during the first week of February in 2011, skewing year-over-year statistics.

The region's August performance, however, reflected the "persistent weakness in air cargo markets," AAPA Director General Andrew Herdman said. He added that Asian carriers also saw a 4.4-percent, year-over-year, decline in airfreight demand during the first eight months of the year, "with no sign of any upturn."

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Cargo traffic in the region has been so sluggish, in fact, that February has been the only month of gains so far this year. Volumes rose 7.8 percent, year-over-year, in February, although this increase is somewhat misleading, AAPA officials asserted at the time. The Chinese New Year fell during the first week of February in 2011, skewing year-over-year statistics.

The region's August performance, however, reflected the "persistent weakness in air cargo markets," AAPA Director General Andrew Herdman said. He added that Asian carriers also saw a 4.4-percent, year-over-year, decline in airfreight demand during the first eight months of the year, "with no sign of any upturn."

Read Full Article