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AAPA carriers post 11.3pc more international air cargo demand in February
MEMBERS of the Association of Asia Pacific Airlines (AAPA) said international air cargo demand in February increased 11.3 per cent measured in freight tonne kilometres (FTK), compared to the same month a year earlier. In the first two months of the year, demand was up 7.6 per cent, according to AAPA data.
AAPA attributed the growth in demand to 'strong growth in new export orders and an acceleration in international trade activity,' reported Air Cargo World.
Growth in demand for capacity among AAPA airlines outstripped the 1.2 per cent expansion in offered freight capacity, resulting in a 5.4-percentage-point increase in the average international freight load factor to 60.1 per cent for February.
'Air cargo demand registered a healthy 7.6 per cent increase, with a boost in demand for air cargo shipments of intermediate and finished goods,' AAPA director general, Andrew Herdsman, was quoted as saying.
'High levels of business and consumer confidence across most major markets underpin continued optimism for further growth in both air passenger and cargo demand.' However, he warned that 'intense market competition, rising fuel and other costs will continue to put pressure on yields.'
AAPA attributed the growth in demand to 'strong growth in new export orders and an acceleration in international trade activity,' reported Air Cargo World.
Growth in demand for capacity among AAPA airlines outstripped the 1.2 per cent expansion in offered freight capacity, resulting in a 5.4-percentage-point increase in the average international freight load factor to 60.1 per cent for February.
'Air cargo demand registered a healthy 7.6 per cent increase, with a boost in demand for air cargo shipments of intermediate and finished goods,' AAPA director general, Andrew Herdsman, was quoted as saying.
'High levels of business and consumer confidence across most major markets underpin continued optimism for further growth in both air passenger and cargo demand.' However, he warned that 'intense market competition, rising fuel and other costs will continue to put pressure on yields.'
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