Philippines airfreight is buoyant at last
This should make for better operating economics for air carriers. In the main, the Philippines have been served by belly-hold capacity of passenger services. During the downturn, several international operators stopped freighter flights to the country. Despite the recent growth in the market, there is a dearth of direct connections to long-haul destinations. For the most part, markets in Europe and North America are served over Asian hubs, which put shippers in the Philippines and their forwarders at the mercy of capacity development on the second leg.
“If there is a squeeze at gateways like Hong Kong, for example if Apple launches a new product, traffic from the Philippines usually suffers,” Ly said.