Asia's air cargo industry saw positive growth in May, with international freight demand rising 4.7 per cent year on year in freight tonne kilometre, says the Association of Asia Pacific Airlines (AAPA).
Export shipments by air to the US and Europe gained momentum after capacity registered was upped by four per cent. This drove the average international freight load factor 0.5 percentage points higher to 64.9 per cent.
International passengers traffic swelled by 6.9 per cent, said a report by Air Cargo World from Atlanta.
"Asia Pacific airlines carried a combined total of 103 million international passengers representing 5.5 per cent growth," said AAPA director general Andrew Herdman.
"The growth in demand seen in both the passenger and air freight markets reflects generally positive economic sentiment in global markets.
"Nevertheless, pricing remains very competitive across all segments of the industry, and the recent jump in oil prices above the US$110 mark is another cause for concern.
"Asian carriers continue to carefully manage capacity in line with demand growth, keeping a tight rein on costs to maintain profitability," he said.
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