News / 'Sudden slump in demand' leaves Asia Pacific air cargo carriers 'in limbo'

Asia Pacific airlines saw a double-digit drop in air cargo volumes last month, and forwarders expect only a modest uptick in Q4.

According to the Association of Asia Pacific Airlines (AAPA), year-on-year international air cargo demand dropped 10.4% in September, measured in freight tonne km (FTK), while cargo capacity expanded 5.9%. As a result, the average load factor was down 11.4 percentage points, to 64%.

AAPA said cargo markets remained under pressure due to depressed business and consumer confidence levels.

Director general Subhas ...