“Vigorous growth”: AAPA releases air cargo traffic figures for October

Cathay Pacific CEIV

Air cargo traffic rose 22.3 per cent year-on-year for the month of October, according to preliminary figures released by the Association of Asia Pacific Airlines (AAPA).

Measured in freight tonne kilometre (FTK) terms, the growth recorded by Asia Pacific represents “another month of vigorous growth”, with the market benefitting from “sustained global demand and capacity shortages”.

Offered freight capacity also expanded, rising 20 per cent year-on-year, leading to an elevated average international freight load factor of 74.2 per cent for the month.

Commenting on the results, AAPA’s director general Subhas Menon said: “Whilst October continued to be an extremely challenging month for international travel markets, solid orders for consumer goods and industrial components buoyed air cargo demand, especially as retailers sought to increase stock levels ahead of the year-end holiday season and major shopping events. In addition, supply chain congestion at some shipping hubs boosted demand for air shipments.”

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