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Asia Pacific airlines cargo grows 5.8pc in October: AAPA
ASIA Pacific airlines saw international air cargo demand, measured in freight tonne kilometres (FTK), rise by 5.8 per cent in October compared to the same month a year earlier, according the Association of Asia Pacific Airlines (AAPA).
Available freight capacity expanded by 4.1 per cent, resulting in a 1.1 percentage point increase in the average international freight load factor to 66.9 per cent in October.
In the first 10 months of the year international air cargo traffic demand grew by 10.1 per cent year on year.
Said AAPA director general Andrew Herdman: "The rise in global economic activity has seen a sustained pick up in global trade and transportation of manufactured goods, with air cargo playing an important role in restocking global supply chains and the growth of e-commerce.
"As a result, Asian airlines continued to enjoy healthy growth in the air cargo segment, maintaining the broad upswing in demand which began in the latter half of 2016," he said
"The overall demand outlook remains positive, although Asian airlines are operating in highly competitive markets and face rising cost pressures, with average jet fuel prices up 24 per cent to US$64 per barrel for the first 10 months of the year.
"Nevertheless, Asian airlines remain focused on implementing further improvements in operational efficiency and other cost saving measures, whilst identifying new opportunities for revenue generation," Mr Herdman said.
Available freight capacity expanded by 4.1 per cent, resulting in a 1.1 percentage point increase in the average international freight load factor to 66.9 per cent in October.
In the first 10 months of the year international air cargo traffic demand grew by 10.1 per cent year on year.
Said AAPA director general Andrew Herdman: "The rise in global economic activity has seen a sustained pick up in global trade and transportation of manufactured goods, with air cargo playing an important role in restocking global supply chains and the growth of e-commerce.
"As a result, Asian airlines continued to enjoy healthy growth in the air cargo segment, maintaining the broad upswing in demand which began in the latter half of 2016," he said
"The overall demand outlook remains positive, although Asian airlines are operating in highly competitive markets and face rising cost pressures, with average jet fuel prices up 24 per cent to US$64 per barrel for the first 10 months of the year.
"Nevertheless, Asian airlines remain focused on implementing further improvements in operational efficiency and other cost saving measures, whilst identifying new opportunities for revenue generation," Mr Herdman said.
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