AIR cargo freight tonne kilometres (FTK) fell by 5.5 per cent year on year in April, according to preliminary figures released by the Association of asia Pacific Airlines (PA).
With offered freight capacity continuing to increase by 10.4 per cent, the average international freight load factor declined markedly by 10.1 percentage points to 59.8 per cent for the month, reports London's Air Cargo News.
PA director general, Subhas Menon, said: 'Air cargo markets fell 11 per cent, underlining the challenging business environment amid rising uncertainty in global economic conditions.'
PA added that export activity remained relatively muted, held back by declines in new business orders and trade barriers due to geopolitical tensions. The easing of supply chain pressures also encouraged a shift to maritime shipping, it said.
In contrast, the April figures showed continuing recovery in the passenger market. Collectively, Asia Pacific airlines recorded a 250 per cent year-on-year increase in international travellers carried to a total of 20.3 million.
SeaNews Turkey
With offered freight capacity continuing to increase by 10.4 per cent, the average international freight load factor declined markedly by 10.1 percentage points to 59.8 per cent for the month, reports London's Air Cargo News.
PA director general, Subhas Menon, said: 'Air cargo markets fell 11 per cent, underlining the challenging business environment amid rising uncertainty in global economic conditions.'
PA added that export activity remained relatively muted, held back by declines in new business orders and trade barriers due to geopolitical tensions. The easing of supply chain pressures also encouraged a shift to maritime shipping, it said.
In contrast, the April figures showed continuing recovery in the passenger market. Collectively, Asia Pacific airlines recorded a 250 per cent year-on-year increase in international travellers carried to a total of 20.3 million.
SeaNews Turkey
