Asia Pacific Airfreight grows by 16.4% YoY:AAPA

Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that there was strong demand for international air cargo capacity in the region in June. Overall, Asia Pacific airlines recorded a 16.4% year-on-year increase in international air cargo demand – as measured in freight tonne kilometres (FTK) flown – in the month. After accounting for a 12.6% growth in offered freight capacity, the average international freight load factor climbed by 2 percentage points to an average of 62.8% for the month. AAPA pointed to a pick-up in manufacturing activity across the Asian economies, including those of China and India, as being in good part responsible for the healthy year-on-year improvement in demand. Rising e-commerce trade and security concerns in the Red Sea also spurred the need for airfreight capacity.