Asia Pacific carriers saw international air cargo traffic in freight tonne kilometres (FTKs) fall by 6.5 per cent year-on-year in September reflecting stagnant international trade activity, according to the Association of Asia Pacific Airlines (AAPA).
Combined with the marginal 0.3 per cent decline in offered freight capacity, the average international freight load factor dropped by 4.0 percentage points to 60.4 per cent for the month.
The region’s airlines saw better fortunes on the passenger side, carrying 29.1 million international passengers in September, an increase of 3.0 per cent compared to the same month last year.
Commenting on the results, Andrew Herdman, AAPA director general says: “Unresolved trade frictions have undermined business confidence and disrupted global supply chains. Asian airlines saw overall demand for air cargo fall by 5.8 per cent during the first nine months of the year, with the outlook remaining subdued in the near term.”
Looking ahead, Herdman adds: “Operating conditions are challenging for Asian carriers, which face intense competitive pressures against a backdrop of moderating economic sentiment. Nevertheless, airlines are carefully managing capacity expansion, exercising cost discipline, and streamlining operations in a bid to maintain profitability.”