Thursday, June 20, 2024
AAPA: Demand still robust in Asia Pacific

AAPA: Demand still robust in Asia Pacific

Air cargo demand across Asia Pacific remained robust in September against a backdrop of easing manufacturing production, the Association of Asia Pacific Airlines (AAPA) says.

Demand measured in freight tonne kilometres (FTK) grew by 4.4 per cent in September to 6.2 billion while global manufacturing production and new business orders eased.

Capacity measured in available freight tonne kilometres (AFTK) were up 6.5 per cent while load factors were down 1.3 percentage points to 64.3 per cent.

Between January and September, FTKs were up 4.7 per cent to 53.9 billion, AFTK by 6.7 per cent to 85.6 billion while load factors were down 1.2 percentage points to 63 per cent.

AAPA director general, Andrew Herdman says: “International air cargo demand grew by 4.7 per cent, benefitting from sustained growth in international trade. The third quarter saw a slightly more moderate 4.3 per cent increase in air cargo demand, compared to the 4.8 per cent growth recorded during the first half of the year.”

Looking to the future, Herdman says business confidence remains firm but may be undermined by geopolitical risks and trade disputes.

He adds: “Air cargo demand is also being supported by further growth in e-commerce. Overall, Asian airlines remain focused on adapting to changes in this always dynamic industry, seeking out additional growth opportunities whilst striving to maintain margins pressured by the impact of higher fuel prices.”

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