Air Cargo: Freight payload must keep pace with passengers in Asia Pacific
June 28, 2011
As we discussed last week, air cargo shippers are increasingly concerned about the ongoing recovery of service in the Asia Pacific trade lanes.
“The decline in international air cargo traffic reported for May this year reflects some moderation in the pace of global economic growth, affecting Asian exports, especially when compared to the very strong rebound in demand seen last year,” Andrew Herdman, AAPA Director General said. However, we may see volumes pick up again in the traditionally stronger second half of the year.”
Herdman noted that over the first five months of the year, Asian airlines have seen 2.5 percent growth in the number of international passengers carried, whereas international air cargo traffic has declined by 2.4 percent during the same period.
“The combination of slower revenue growth and sharply higher fuel costs means airline operating margins are under severe pressure,” he said. “Continued vigilance in controlling costs, and carefully matching capacity to the projected changes in demand will be the key to sustaining profitability.”
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