Asia Pacific airlines see cargo volumes rise by 7.8pc in February
2012 04 05
- Details
THE Association of Asia Pacific Airlines (AAPA) has reported that international air cargo demand measured in freight tonne kilometres (FTK) grew 7.8 per cent in February among airlines based in the Asia Pacific region.
But this was attributed to the Chinese New Year holidays coming earlier in January this year, meaning that this February's figures were made in comparison "to the softer freight market last year when the Chinese New Year holidays fell in February" and factories closed in China.
Offered freight capacity increased by six per cent, with an average international cargo load factor of 66.1 per cent, according to an AAPA statement.
Said AAPA director general Andrew Herdman: "The region's carriers recorded a 4.3 per cent decline in international freight traffic for the first two months of the year, a reflection of continued weakness in air freight markets, where surplus capacity has also been putting downward pressure on shipping rates."
Mr Herdman said the outlook for the aviation remains challenging, with oil averaging US$118 per barrel so far this year, "which could act as a brake on prospects for the global economy, given the fragility of the recent recovery".
Source Shipping Gazette - Daily Shipping News
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