Friday, September 24, 2010

Asia Pacific Air Freight Traffic Jumps 25% in August

AAPA Figures Demonstrate Strength of Regional Market
Shipping News Feature

ASIA – Preliminary figures released today by the Association of Asia Pacific Airlines (AAPA) show a big rise in air freight cargo carried during the month of August. International air cargo traffic as measured in freight tonne kilometres registered 25% growth compared to the same month last year and even allowing for a 20.7% expansion in offered freight capacity, the average international cargo load factor increased by 2.4 percentage points to 68.9%.

Mr Andrew Herdman, AAPA Director General commented on the improvement saying:

“Strong demand for air travel and air cargo shipments in August ,provide further confirmation of the robustness of the ongoing economic recovery across the Asia Pacific region. Overall, for the first eight months of the year we have seen 14.9% growth in the number of international passengers carried, and an even more dramatic 32.1% rebound in the volume of international air cargo. As a result of the surprisingly sharp V-shaped recovery, traffic levels for Asian carriers have now surpassed the high water marks set before the global recession.

“The combination of strong volume growth, disciplined capacity management, and an improving mix of business boosted by the recovery in corporate travel, have all helped to restore airline profitability, with Asia Pacific airlines leading the way. The outlook for the remainder of the year remains broadly positive, although reported growth rates are expected to stabilise as the recovery phase is completed. Looking ahead to 2011, we anticipate further growth in demand for air travel, in line with historic trends, despite some uncertainties regarding the uneven nature of the global economic recovery.”

The AAPA includes most of the foremost Asian airlines including All Nippon Airways, Cathay Pacific, China Airlines, JAL and Royal Thai thus giving a good cross section of up to date trends for the region.

Photo: Shanghai World Financial Centre courtesy of Singapore Airlines