Airlines in the Asia Pacific region saw cargo demand growth weaken in June in line with a slowdown in the manufacturing sector.
According to the Association of Asia Pacific Airlines (AAPA), carriers saw cargo traffic increase by 3.4% year on year in June, a slowdown on the 4.9% increase registered over the first six months of the year.
“The global manufacturing sector, whilst still expanding, experienced slower growth in June,” AAPA said. “The average international freight load factor declined by 1.9 percentage points to 64.5% in June, on the back of a 6.4% expansion in offered freight capacity.”
Commenting on the results, Andrew Herdman, AAPA Director General said: “International air cargo demand registered an encouraging 5% increase [over the first six months], bolstered by further expansion in the manufacturing sectors, although growth in new export orders has slowed in recent months.
"Global economic prospects remain positive, anchored on expectations of firm domestic demand across regions, despite some concern over the possible adverse effects of trade tariffs.
“Overall, Asian carriers continue to explore new avenues to optimise revenue growth, in order to maintain margins."
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