Solid expansion in new business orders, underpinned by strong demand from advanced economies, helped support further growth in air cargo volumes for Asia Pacific carriers, with demand – measured in freight tonne kilometres (FTK) – growing 9.2 per cent in November, according to the Association of Asia Pacific Airlines (AAPA).
Growth in demand significantly outpaced the 4.7 per cent expansion in offered freight capacity, resulting in a 2.9 percentage point increase in the average international freight load factor to 69.4 per cent for the month.
Commenting on the results from the first 11 months of the year, Andrew Herdman, AAPA director general said: “International air cargo demand increased by 10.0 per cent, on the back of the firm pick-up in global trade activities.”
Herdman added that 2017 is expected to end on a positive note for both passenger and cargo traffic given current trends. “With the global economy riding on positive business and consumer confidence levels amid continued expansion in order books, the demand outlook for Asian carriers remains positive. In the meantime, the region’s airlines remain focused on effectively managing capacity in response to evolving patterns of market demand as well as improving operational efficiency.”
The region’s airlines carried a combined total of 25.9 million international passengers in November, 9.3 per cent more than the same month last year. The first eleven months of the year saw a 6.0 per cent increase in the number of international passengers carried by Asian airlines to a combined total of 288 million.