Airfreight markets in Asia reported healthy growth in May, according to preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA).
International air cargo demand, in freight tonne kilometres, increased by 4.7 per cent in May, with export shipments by air to the US and Europe gaining momentum, it said.
'The growth in demand seen in airfreight markets reflects generally positive economic sentiment in global markets,” Andrew Herdman, AAPA director general, said. “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.”
