ASIA PACIFIC cargo carriers saw international air freight markets weaken further in
January, with demand dropping 3.8 per cent year-on-year, as measured by freight
tonne kilometres (FTK), according to data released by the
Association of Asia Pacific Airlines (AAPA).
AAPA attributed the decline in
international air freight volumes to "global new export orders contracting
on the back of slowing demand for foreign goods."
AAPA said: "Concerns over
slower growth in major economies and unresolved trade tensions are affecting
air cargo demand.
"Meanwhile, the expansion in
offered freight capacity continued to outpace demand growth, with January's 2.8
per cent increase in offered freight capacity resulting in a 3.9 percentage
point decline in the average international freight load factor to 56.6 per cent
for the month," London's Air Cargo News quoted the association as saying.
In the run-up to the Chinese New
Year, AAPA director general Andrew Herdman observed: "Expected
increases in air cargo shipments were absent, as evidenced in the decline in
air cargo volumes."
Source : HKSG.
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