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Asia Pacific airlines cargo demand growth up 10.7pc
MEMBER carriers of the Association of Asia Pacific Airlines (AAPA) saw cargo demand rise by 11.4 per cent year on year in September to six billion freight tonne kilometres (FTK) on the back of an on-going improvement in trade volumes across major advanced and emerging market economies.
In the first nine months of the year, Asia Pacific airlines recorded growth of 10.7 per cent, compared to the same period last year, to 51.7 billion FTKs.
Freight capacity in September was up by 5.7 per cent resulting in a 3.4 percentage point rise in the average international load factor to 66 per cent, reported London's Air Cargo News.
Ahead of its annual assembly of presidents, the association warned that airline's in the region continued to face pressure. "Asia Pacific carriers remain under pressure in a market characterised by intense competition and robust growth of both passenger and cargo traffic," the AAPA was cited as saying.
"Although there has been considerable pressure on yields in a fiercely competitive environment, Asia Pacific carriers in aggregate are expected to deliver profitability levels similar to last year."
The association noted that in spite of yield pressure, carriers have continued to invest in fleet renewals and ultra-long-haul flights.
Meanwhile, Airports Council International (ACI) Asia Pacific released its airport throughput figures for August. Hubs in the region recorded an air freight volume increase of 9.5 per cent during the month, while demand at airports in the Middle East rose 11.6 per cent in August.
"Exports continued to drive strong air freight growth in Asia Pacific: Hong Kong (+10.1 per cent), Shanghai Pudong (+12.4 per cent) and Seoul Incheon (+10.1 per cent)," ACI Asia Pacific said.
"In the Middle East, the pace of growth regained strength, Dubai grew by 10.2 per cent and Doha grew by 9.5 per cent."
In the first nine months of the year, Asia Pacific airlines recorded growth of 10.7 per cent, compared to the same period last year, to 51.7 billion FTKs.
Freight capacity in September was up by 5.7 per cent resulting in a 3.4 percentage point rise in the average international load factor to 66 per cent, reported London's Air Cargo News.
Ahead of its annual assembly of presidents, the association warned that airline's in the region continued to face pressure. "Asia Pacific carriers remain under pressure in a market characterised by intense competition and robust growth of both passenger and cargo traffic," the AAPA was cited as saying.
"Although there has been considerable pressure on yields in a fiercely competitive environment, Asia Pacific carriers in aggregate are expected to deliver profitability levels similar to last year."
The association noted that in spite of yield pressure, carriers have continued to invest in fleet renewals and ultra-long-haul flights.
Meanwhile, Airports Council International (ACI) Asia Pacific released its airport throughput figures for August. Hubs in the region recorded an air freight volume increase of 9.5 per cent during the month, while demand at airports in the Middle East rose 11.6 per cent in August.
"Exports continued to drive strong air freight growth in Asia Pacific: Hong Kong (+10.1 per cent), Shanghai Pudong (+12.4 per cent) and Seoul Incheon (+10.1 per cent)," ACI Asia Pacific said.
"In the Middle East, the pace of growth regained strength, Dubai grew by 10.2 per cent and Doha grew by 9.5 per cent."
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