Preliminary traffic figures for the month of June released today by the Association of Asia Pacific Airlines (AAPA) show continuing robust growth in demand for international air cargo with a solid 10 per cent year-on-year growth in international air cargo demand amounts Asian carriers. Offered freight capacity increased by 4.8 per cent, leading to a 3.1 percentage point increase in the average international freight load factor to 66.2 per cent.
Commenting on the results, Andrew Herdman, AAPA director general said: “Global trade activity has picked up markedly since the middle of last year, with air freight volumes growing at a robust pace. Overall, Asian airlines reported a 10.4 per cent increase in international air cargo traffic volumes during the first half of 2017, supported by an upswing in export orders for both the leading emerging markets and advanced economies.”
Looking ahead, Herdman said: “International air passenger and cargo markets are well positioned to achieve further growth in the second half of the year, given signs of ongoing positive momentum in the global economy. Expanding airline networks and the widespread availability of competitive airfares will also help to drive further growth in travel demand. Meanwhile, Asian airlines remain vigilant on containing costs, with the aim of sustaining a positive earnings performance in a highly competitive market place.”
During the first half of the year, Asian airlines carried a combined total of 155 million international passengers, an increase of 5.5 per cent compared to the same period last year.