Asia Pacific airlines reports year-on-year cargo growth

Asia Pacific airlines recently reported a year-on-year growth in freight tonne kilometres for the month of November 2013. Demand increased by 5.4% compared to November 2012, according to the Association of Asia Pacific Airlines.

The Asia Pacific region constitutes by far the largest proportion of global freight traffic. Increased in demand in Asia Pacific have therefore contributed to the 4.4% increase in global air cargo demand for November reported by IATA this month.

The increase in FTK does not necesarilly indicate that all is rosy for the air cargo sector, however. The average freight load factor remained depress at 67.2% following a 6.1% increase in carrier freight capacity.

AAPA director General, Andrew Herman, commented,  "Air Cargo demand has remained relatively weak, with volumes 0.7% lower compared to the same period last year, but has picked up in recent months in line with steadily improving global economic conditions.

Source: Air Cargo Week