The international air freight market continues to decline as recently confirmed by the Assn. of Asia Pacific Airlines (AAPA). Weak export markets forced a decline of 5.1% FTKs in July alone with freight capacities dramatically decreasing by 5%.
International passenger traffic, however, grew by an impressive 3.2% RPKs especially on short regional routes with seat capacities increasing by 3.5%. One of Asia’s major airlines, Asia-Pacific, reported an international passenger capacity number of 18.5 million for July 2012.
AAPA DG Andrew Herman said that “Asia-Pacific airlines registered an impressive 8.1% increase in the number of international passengers carried during the first seven months of the year. (…) However, international air cargo demand fell by 4.4% during the same period”.The current international air freight load factor remains low with an average of 67.2%.
Sources: atwonline.com / thehandyshippinguide.com