Asia Pacific airlines record healthy growth in 2014
The Association of Asia Pacific Airlines (AAPA) has released its preliminary figures for the full calendar year 2014. They reveal that air cargo markets experienced an encouraging revival in demand after three consecutive years of declines. An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand as expressed in freight tonne kilometre (FTK) terms rising by a solid 5.4% compared to the previous year. Available freight capacity grew at a modest pace of 4.1%, resulting in a 0.8 percentage point increase in the average international freight load factor to 64.9%.
Commenting on the results, Andrew Herdman, AAPA director general said, "air cargo markets experienced a welcome upswing in 2014, with the second half of the year registering 6% growth compared to the same period in 2013, following several years of stagnant demand. Overall, the outlook for the coming year remains broadly positive, with sustained growth in the global economy continuing to drive demand."