ASIA Pacific airlines continued to see robust demand in May due to front-loading of shipments and rerouting of goods away from China to other markets in Asia, although the pace of growth began to slow down, reports London's Air Cargo News.
International air cargo demand, measured in freight tonne kilometres (FTK), grew by three per cent year on year in May, said the Association of asia Pacific Airlines (PA).
Weaker export volumes on the China-US route, partly due to the removal of de minimis for e-commerce goods, were offset by increased shipments to other markets.
These operating conditions were a continuation of those reported in April by the PA.
Offered freight capacity rose by 1.3 per cent year on year, resulting in a one percentage point increase in the average international freight load factor to 62.8 per cent for the month.
But despite the growth in air cargo business, the pace of growth moderated due to weaker export activity from key manufacturing economies, noted the PA.
Commenting on the first five months of the year, Subhas Menon, PA director general, said: 'In the air cargo markets, international freight demand registered 4.5 per cent growth, supported by front-loading of shipments and rerouting of goods to other gateways amidst mounting economic headwinds.'
SeaNews Turkey
International air cargo demand, measured in freight tonne kilometres (FTK), grew by three per cent year on year in May, said the Association of asia Pacific Airlines (PA).
Weaker export volumes on the China-US route, partly due to the removal of de minimis for e-commerce goods, were offset by increased shipments to other markets.
These operating conditions were a continuation of those reported in April by the PA.
Offered freight capacity rose by 1.3 per cent year on year, resulting in a one percentage point increase in the average international freight load factor to 62.8 per cent for the month.
But despite the growth in air cargo business, the pace of growth moderated due to weaker export activity from key manufacturing economies, noted the PA.
Commenting on the first five months of the year, Subhas Menon, PA director general, said: 'In the air cargo markets, international freight demand registered 4.5 per cent growth, supported by front-loading of shipments and rerouting of goods to other gateways amidst mounting economic headwinds.'
SeaNews Turkey
