Executive Briefings

Weakness in Asia Pacific Air Cargo Markets Continues

Prolonged weakness continued in June for the Asia Pacific air cargo markets, according to preliminary traffic figures from the Association of Asia Pacific Airlines.

The good news for Asia Pacific airlines is that they carried more international passengers during the period, but international air cargo demand, expressed in freight tonne kilometers, was 2.2 percent lower year over year, reflecting continued weakness in key export markets.

Offered freight capacity increased marginally, by 0.3 percent, leading to a 1.7 percentage point fall in the average international air cargo load factor to 66.2 percent.

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The good news for Asia Pacific airlines is that they carried more international passengers during the period, but international air cargo demand, expressed in freight tonne kilometers, was 2.2 percent lower year over year, reflecting continued weakness in key export markets.

Offered freight capacity increased marginally, by 0.3 percent, leading to a 1.7 percentage point fall in the average international air cargo load factor to 66.2 percent.

Read Full Article