The Association of Asia Pacific Airlines said that its member airlines, while enjoying increased passenger numbers, saw air cargo demand weaken in July. The association attributes the decrease in cargo traffic to a slowdown in world trade and less demand for Asian exports.
Air cargo demand declined by 2.2 percent over July 2014’s figures. Available freight capacity increased by 2.9 percent, resulting in a 3.2 percent fall in the average international freight load factor to 62.1 percent for the month.
“The weak cargo market highlights some wider concerns about downside risks to the global macroeconomic outlook, including the effects of slower growth in China, exaggerated currency movements and stock market volatility, that could affect both business confidence and consumer demand going forward,” said AAPA Director General Andrew Herdman.