The Association of Asia Pacific Airlines (AAPA) has reported interational air cargo demand as measured in freight tonne kilometres (FTK) grew by 4.4 per cent year-on-year in September, against a backdrop of easing expansion in global manufacturing production and new business orders.
After accounting for a 6.5 per cent increase in offered freight capacity, the average international freight load factor declined by 1.3 percentage points to 64.3 per cent for the month.
AAPA director general, Andrew Herdman said during the first nine months of the year, the region’s airlines saw international air cargo demand grow by 4.7 per cent “benefitting from sustained growth in international trade”. “The third quarter saw a slightly more moderate 4.3% increase in air cargo demand, compared to the 4.8% growth recorded during the first half of the year,” he added.
Looking ahead, Herdman said: “Global business confidence remains relatively firm, but may be undermined by uncertainty about emerging geopolitical risks and policy responses to escalating trade disputes. Nevertheless, Asian airlines expect continued growth in air travel demand in the coming months. Air cargo demand is also being supported by further growth in e-commerce.
“Overall, Asian airlines remain focused on adapting to changes in this always dynamic industry, seeking out additional growth opportunities whilst striving to maintain margins pressured by the impact of higher fuel prices.”