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Asia Pacific airlines suffer 21pc decline in cargo traffic in January
来源：shippingazette 编辑：编辑部 发布：2023/03/07 14:59:42
ASIA Pacific airlines suffered a significant decline in cargo traffic during January with a 20.5 per cent year-on-year plunge in freight tonne kilometres (FTK) compared with the same month in 2022.
Combined with a 7.5 per cent drop in available freight tonne kilometres, the international freight load factor fell by 9.7 percentage points to average 59.2 per cent for the month.
In contrast, based on preliminary January traffic figures from the Association of Asia Pacific Airlines (AAPA), there was steady growth in international passenger traffic on the back of strong travel demand with the easing of border restrictions, notably in North Asia.
AAPA director general Subhas Menon said that cargo volumes came under pressure due to "multiple headwinds", reports London's Air Cargo News.
He added: "Higher inflation levels across various economies and the persistently strong US dollar have added to the price pressures for imported commodities and merchandise in local currency terms."
On future prospects, Mr Menon said: "Notwithstanding the challenges brought on by the global economic uncertainty, growth prospects for passenger markets look positive for the year ahead. The desire to travel remains strong, with latest forward booking trends pointing to sustained high demand.
"Nevertheless, cost pressures represent a key challenge to airline financial performance, driven by the elevated fuel prices and inflationary pressures on operating expenditure, including labour and maintenance. Overall, Asia Pacific airlines remain vigilant in striving for cost efficiencies whilst restoring flights in the Covid-19 recovery period."
Combined with a 7.5 per cent drop in available freight tonne kilometres, the international freight load factor fell by 9.7 percentage points to average 59.2 per cent for the month.
In contrast, based on preliminary January traffic figures from the Association of Asia Pacific Airlines (AAPA), there was steady growth in international passenger traffic on the back of strong travel demand with the easing of border restrictions, notably in North Asia.
AAPA director general Subhas Menon said that cargo volumes came under pressure due to "multiple headwinds", reports London's Air Cargo News.
He added: "Higher inflation levels across various economies and the persistently strong US dollar have added to the price pressures for imported commodities and merchandise in local currency terms."
On future prospects, Mr Menon said: "Notwithstanding the challenges brought on by the global economic uncertainty, growth prospects for passenger markets look positive for the year ahead. The desire to travel remains strong, with latest forward booking trends pointing to sustained high demand.
"Nevertheless, cost pressures represent a key challenge to airline financial performance, driven by the elevated fuel prices and inflationary pressures on operating expenditure, including labour and maintenance. Overall, Asia Pacific airlines remain vigilant in striving for cost efficiencies whilst restoring flights in the Covid-19 recovery period."