AAPA: Asia Pacific cargo fell 6.4% in August

AAPA: Asia Pacific cargo fell 6.4% in August

Air cargo across Asia Pacific remains weak with another major fall in demand in August, the Association of Asia Pacific Airlines (AAPA) reports.

Freight tonne kilometres were down 6.4% to 5.8 billion with subdued demand conditions as businesses remaining cautious on their inventories.

Capacity in available freight tonne kilometres was up 1.1% to 9.9 billion, pushing load factors down 4.7 percentage points to 58.3%.

Year-to-date demand was down 5.9% to 46.2 billion, with capacity up 1.3% to 79 billion, pushing load factors down 4.5 percentage points to 58.5%.

Andrew Herdman, director general of AAPA says: “Air cargo demand declined by 5.9% during the first eight months of the year, with business confidence deteriorating further in August against a backdrop of heightened global trade tensions. Consumer goods markets continued to expand, but demand for intermediate goods fell further, contributing to the decline in air shipments.”

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

flydubai Cargo partners with cargo.one to enhance its digital sales capabilities

Wiremind’s CAYZN solution chosen to support Transavia France’s growth

US Air Force looks to transform KC-135