Air freight carried by Asian carriers grew by a solid 12.8 percent in the first two months of the year compared to the same period in 2014, according to data from the Association of Asia Pacific Airlines (AAPA).
Trans-Pacific air freight markets will continue to benefit from shipper demand as U.S. ports take several months to clear the backlog of containers that stacked up during the protracted waterfront labor dispute between terminals and the union.
International air freight demand accelerated late last year, driven by strong growth in shipments of electronic goods going into the year-end festive season, the Association of Asia Pacific Airlines (AAPA) said today.
The international air freight demand of Asia-Pacific airlines, measured in freight ton kilometres (FTK), grew by a firm 6.4 percent in October, on the back of buoyant demand for electronic goods from manufacturing hubs in North Asia.
Asia’s competitive airline environment is placing intense profitability pressure on carriers in the region, but the focus on costs will not see air cargo shippers facing the wide scale route cutbacks, reduced frequencies and rolled shipments that have afflicted their ocean freight counterparts.
Air cargo is going through a period of adjustment that will keep profitability largely out of reach for the world’s carriers until more of a balance is achieved between cargo capacity and demand.
Steady growth in air freight demand was recorded by Asia’s airlines during September as the industry continued to benefit from rising international trade.
Asia Pacific airlines saw freight traffic grow by 6.2 percent in August on the back of robust demand for electronic consumer products, according to the Association of Asia Pacific Airlines (AAPA).
The profitability of Asian carriers with major freighter fleets continues to be negatively impacted by the overhang of excess capacity, but the long-term outlook for air freight is “encouraging,” according to the Association of Asia Pacific Airlines.
The Association of Asia Pacific Airlines reported preliminary traffic figures in January showed demand for air cargo strengthened in advance of the Chinese New Year holiday period, which fell in February this year...
The Association of Asia Pacific Airlines, a trade group of airlines based in the Asia-Pacific region, today reported international air cargo demand, expressed in freight metric ton kilometers...