Asia Pacific Airlines see 2014 revival in cargo demand

 


Association of Asia Pacific Airlines (AAPA) preliminary figures for 2014 show an “encouraging revival” in cargo demand after three consecutive years of decline.
An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand in freight tonne km (FTK) growing by a "solid" 5.4 per cent compared to the previous year.
Available freight capacity grew at a relatively modest pace of 4.1 per cent, resulting in a 0.8 percentage point increase in the average international freight load factor to 64.9 per cent.
Andrew Herdman, AAPA director general said: "Despite challenges, Asia Pacific airlines enjoyed a year of good growth in international passenger traffic in 2014.
“Air cargo markets experienced a welcome upswing in 2014, with the second half of the year registering 6.0 per cent growth compared to the same period in 2013, following several years of stagnant demand."
Herdman added: "The dramatic fall in oil prices since the end of the year has been welcomed by many airlines, although the resultant benefit in terms of improved profitability will vary depending on individual airline hedging policies and their degree of exposure to external debt, given the weaker Asian currencies."
Looking ahead, Herdman concluded: "Overall, the outlook for the coming year remains broadly positive, with sustained growth in the global economy continuing to drive air travel demand, whilst lower oil prices will also help to keep air travel affordable.
“However, airlines will need to closely monitor market movements, and align future capacity increases with the actual increase in demand, whilst seeking further operating efficiencies to restore margins to more sustainable levels."

Source : http://www.aircargonews.net/news/single-view/news/asia-pacific-airlines-see-2014-revival-in-cargo-demand.html 

Continue

Asia Airlines Capacity and Cargo Traffic

 

Overall, airfreight demand in freight tonne kilometers (FTK) grew by an encouraging 4.7 percent compared to the same month last year. The average international freight load factor rose for the second consecutive month, by 0.8 percentage points to 66.1 percent in June, on a 3.4 percent growth in offered freight capacity.
 Source: Association of Asia Pacific Airlines / http://aircargoworld.com/Air-Freight-Data#chart8

Continue

Asia Pacific Airlines announce their results for June 2013

KUALA LUMPUR - Preliminary traffic figures for the month of June released today by the Association of Asia Pacific Airlines (AAPA) showed sustained growth in international passenger traffic, but prolonged weakness in air cargo markets.

 Asia Pacific airlines carried a combined total of 18.3 million international passengers in June, a 7.1% growth compared to the same month last year. International passenger traffic, in revenue passenger kilometre (RPK) terms, grew by 5.7% whilst available seat capacity expanded by 6.4%, resulting in a modest 0.5 percentage point fall in the average international passenger load factor to 79.6% for the month. 

International air cargo demand, expressed in freight tonne kilometre (FTK) terms, was 2.2% lower in June compared to the same month last year, reflecting continued weakness in key export markets. Offered freight capacity increased marginally, by 0.3%, leading to a 1.7 percentage point fall in the average international air cargo load factor to 66.2%. 

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, "During the first half of the year, Asia Pacific airlines carried a total of 107 million international passengers, a 5.6% increase compared to the same period last year. Demand for air travel remains relatively robust, maintaining the established growth trend, and still outpacing expectations of more moderate growth in the wider economy. Air cargo markets, however, remain depressed, with Asian airlines reporting a 2.4% decline in freight traffic for the first six months of the year, reflecting persistent weakness in global trade conditions."

 Mr Herdman warned however that "prospects for the second half of the year remain challenging, given the underlying uncertainty over the global economic outlook, but Asian airlines are still confident about future growth prospects and are continuing to invest in further route development and customer service initiatives."

Source: http://www.traveldailynews.asia/news/article/52962/asia-pacific-airlines-announce-their

Continue