But for Andrew Herdman director general of the Association of Asia Pacific Airlines (AAPA), the current industry problems are market driven and it’s important to look at the demand side of the equation. “What’s happened in the last five years we’ve been through a period unlike any other in the history of the industry where we had a global recession and if we look at demand curves over last 5-6 years the passenger business peaked before the recession at about 2008, … [Read more...] about A shifting cargo paradigm?