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Air cargo markets in Asia are expected to remain soft: AAPA
CONTINUED weakness in export-import activities in the major regional economies of China, India and Japan, has resulted in demand for air cargo shipments in Asia falling slightly in October, of according to the latest data from the Association of Asia Pacific Airlines.
Measured in freight tonne kilometre terms, air cargo demand among the region's carriers edged 0.7 per cent lower than during the same month last year. The average international freight load factor fell further, registering a 2.2 percentage point contraction to 64.2 per cent for the month as offered freight capacity rose 2.7 per cent, the IHS Media reported.
Andrew Herdman, AAPA director general, said from January through October, air cargo demand of 2.2 per cent was held back by lacklustre global trade conditions that continued to dampen Asian air cargo markets.
"Air cargo markets are expected to remain soft, given weak global trade conditions," he said.
At the recent AAPA gathering in Bali, Mr Herdman said Asia's airlines saw cargo growth last year that was long overdue and rising volumes led to a bright start at the beginning of this year, but he put much of that down to the US West Coast port disruptions.
"As we have gone through the year, the year-over-year monthly comparisons have tapered off to the point where cargo growth is 2.6 per cent for the first nine months," he said.
Cargo airlines expect demand to improve as the higher value Christmas orders leave Asia and head for store shelves, especially in the US Trans-Pacific trade has been a hallmark of the global cargo business this year, on both air and ocean.
Measured in freight tonne kilometre terms, air cargo demand among the region's carriers edged 0.7 per cent lower than during the same month last year. The average international freight load factor fell further, registering a 2.2 percentage point contraction to 64.2 per cent for the month as offered freight capacity rose 2.7 per cent, the IHS Media reported.
Andrew Herdman, AAPA director general, said from January through October, air cargo demand of 2.2 per cent was held back by lacklustre global trade conditions that continued to dampen Asian air cargo markets.
"Air cargo markets are expected to remain soft, given weak global trade conditions," he said.
At the recent AAPA gathering in Bali, Mr Herdman said Asia's airlines saw cargo growth last year that was long overdue and rising volumes led to a bright start at the beginning of this year, but he put much of that down to the US West Coast port disruptions.
"As we have gone through the year, the year-over-year monthly comparisons have tapered off to the point where cargo growth is 2.6 per cent for the first nine months," he said.
Cargo airlines expect demand to improve as the higher value Christmas orders leave Asia and head for store shelves, especially in the US Trans-Pacific trade has been a hallmark of the global cargo business this year, on both air and ocean.
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