August cargo down 19.3%, AAPA cites weak global trade

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Asia-Pacific airlines see a 19.3 per cent (in FTKs), year-on-year, decline in international cargo demand in August on faltering global trade.

This decline reflects “the ongoing weakness of global trade flows,” says the Association of Asia Pacific Airlines (AAPA) in its monthly update.

Freighter operations remain active, but significant cuts in the numbers of passenger flights led to a 33.4 per cent year-on-year overall decline in offered freight capacity. As a result, the average international freight load factor increased by 12.3 percentage points to 70.6 per cent for the month.

Asia Pacific airlines carried only 1.0 million international passengers in August, or just 3.0 per cent of the 34 million passengers carried in the same month of 2019.

International passenger demand remains severely depressed as a result of ongoing border restrictions, with the AAPA warning there is little hope of recovery for the remainder of the year, “unless coordinated actions are taken to restore global connectivity.”

Asia Pacific airlines carried only 1.0 million international passengers in August, or just 3.0 per cent of the 34 million passengers carried in the same month of 2019.

Commenting on the results, AAPA director general Subhas Menon, notes there is no international air travel market to speak of, as the border restrictions severely inhibit air travel.

“Abrupt re-impositions of border closures by some countries due to a resurgence in COVID-19 cases have further shrunk passenger demand. Travellers, airlines and airports are struggling to make sense of the patchy, sweeping and unharmonised approaches to border regulations being imposed by various countries.”

Menon adds: “AAPA calls for an urgent review of border closures and blanket quarantine requirements, particularly for travel between countries where the prevalence of the virus is low and contained. A more coherent and evidence-based approach to cross border measures and processes, including testing and quarantine, would pave the way to restore global mobility in a safe and sensible way.

“The Association remains committed to working with governments and industry stakeholders to safely reopen international travel corridors in line with evolving ICAO CART recommendations.”

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August cargo down 19.3%, AAPA cites weak global trade
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August cargo down 19.3%, AAPA cites weak global trade
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Asia-Pacific airlines see a 19.3 per cent (in FTKs), year-on-year, decline in international cargo demand in August on faltering global trade.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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