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            september 17, 2019

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Asian airlines post cargo growth in June


Asia Pacific airlines posted "modest growth" in cargo demand in June though sales are down in the first half year on year, reports London's Air Cargo News.
Figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airlines saw cargo volumes increase by 4.1 per cent in June in terms of freight tonne kilometres.
But first half load factors are behind the 2015 level at 64.1 per cent compared with 67.1 per cent last year.
"International air cargo demand remained subdued, registering a 2.5 per cent decline for the first half, though the uptick in June is encouraging," said AAPA director general Andrew Herdman.
"The outlook for air cargo remains a concern, reflecting generally weak trading conditions in the global economy.
"Asian airlines are focused on meeting the growth in travel demand, investing in new aircraft and services, whilst at the same time vigilantly keeping a tight rein on costs in order to deliver improved levels of profitability," he said,
Air cargo capacity for June increased by 3.6 per cent - below the demand increase - and as a result Asian airlines saw their average cargo load factor improve by 0.3 percentage points to 63.6 per cent for the month.

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