FULL commercial aviation recovery is still a long way off with airline traffic in July averaging 34 per cent of the corresponding pre-pandemic month, cautioned the Association of Asia Pacific Airlines (PA), reports Singapore's Asian Aviation.
'Air cargo markets weakened further,' said PA director general Subhas Menon against a backdrop of falling export orders alongside worsening business and consumer confidence levels.
For the month, international air cargo demand in freight tonne kilometres (FTK) dropped markedly, by 11.6 per cent year on year, while freight capacity offered held relatively steady, edging just 0.4 per cent lower, said the PA.
As a result, the average international freight load factor declined by 8.6 percentage points to 67.8 per cent for the month.
'Prevailing supply chain disruptions, inflationary pressures and geopolitical tensions further dampened demand for air shipments,' Mr Menon said.
The PA urged stakeholders to work closely with the aim of expanding smooth, safe and sustainable air connectivity, given the significant contribution of air transport to economic growth and social development.
SeaNews Turkey
'Air cargo markets weakened further,' said PA director general Subhas Menon against a backdrop of falling export orders alongside worsening business and consumer confidence levels.
For the month, international air cargo demand in freight tonne kilometres (FTK) dropped markedly, by 11.6 per cent year on year, while freight capacity offered held relatively steady, edging just 0.4 per cent lower, said the PA.
As a result, the average international freight load factor declined by 8.6 percentage points to 67.8 per cent for the month.
'Prevailing supply chain disruptions, inflationary pressures and geopolitical tensions further dampened demand for air shipments,' Mr Menon said.
The PA urged stakeholders to work closely with the aim of expanding smooth, safe and sustainable air connectivity, given the significant contribution of air transport to economic growth and social development.
SeaNews Turkey