A CONTINUING pattern of air traffic growth decline since April has been noted among member carriers of the Association of Asia Pacific Airlines (PA)
A CONTINUING pattern of air traffic growth decline since April has been noted among member carriers of the Association of Asia Pacific Airlines (PA). The organisation reported a 3.4 per cent year-on-year growth rate in freight tonne kilometres (FTKs) handled for the month of June.
PA director general Andrew Herdman said it would be interesting to see how Asia-Pacific traffic is affected by Trump-era tariffs.
'Despite concern over the potential adverse effects,' Mr Herdman said, 'Global economic prospects remain positive.'
Nonetheless numbers reveal a 1.5 per cent drop from May's results, when PA reported a 4.9 per cent growth rate, while a month before, April's FTK figure came in at 5.8 per cent growth year on year.
The PA cited 'underlying trade conditions' as a cause for slowing growth, citing trade tensions between the US and China that many expect will dampen trade, reported New York's Air Cargo World.
'In May, we speculated that the grounding of most of Nippon Cargo Airlines' (NCA) 747F fleet combined with a worldwide shortage of maindeck capacity, could be another contributing factor.
'Within the same period, international air cargo demand registered an encouraging five per cent increase, bolstered by further expansion in the manufacturing sectors,' Mr Herdman said. 'Although, growth in new export orders has slowed in recent months.'
