Monday, October 25, 2021
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Asia-Pacific cargo demand ‘persistently weak’—AAPA

Global air freight markets remained depressed for the month of July, traffic figures from the Association of Asia Pacific Airlines (AAPA) showed.

International air cargo demand, expressed in freight tonne kilometers (FTK), declined by 5.1 percent, reflecting persistently weak export markets.

Offered freight capacity also fell by 5 percent, leaving the average international air cargo load factor almost unchanged at 67.2 percent.

In the first seven months of the year, international air cargo demand fell by 4.4 percent, the association said in an August 29 press statement.

“Airlines still face a very challenging operating environment, given the adverse impact of high oil prices, and the uncertain global economic outlook,” Andrew Herdman, AAPA director general, said.

The AAPA is the trade association for scheduled international airlines based in the Asia-Pacific region.


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