Asia Pacific carriers boosted by stronger export markets
Boosted by stronger export markets, Asia Pacific carriers saw growth in international cargo traffic in March year over year, according to preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA).
The region’s airlines had a 6.7 percent increase in international freight demand as measured in freight tonne kilometers. Offered freight capacity grew by 5.9 percent, and consequently the average international air cargo load factor for Asia Pacific carriers edged 0.5 percentage points higher to 68.4 percent, the first increase seen in over a year.
Asia Pacific airlines carried 2.7 percent more passengers than the same month in 2013.
“International freight markets saw an encouraging 3.8 percent growth in traffic [for the first quarter of the year], with further evidence of a pick-up in international trade, leading to stronger demand for Asian exports,” Andrew Herdman, AAPA director general, said. “Asian carriers continue to face a challenging operating environment marked by increased competition pressuring yields, whilst on the cost side of the equation many carriers have been adversely affected by volatile currency markets. Nevertheless, the overall demand outlook remains broadly positive, driven by expectations of further improvements to global economic conditions, including a long awaited recovery in international trading activity.”