Freight traffic for Asian airlines plunged 11 per cent in October, the steepest decline for the carriers since 2001 and a worrying signal that the downturn is worsening. The decline measured by the Association of Asia Pacific Airlines was deeper than the 9 per cent drop the AAPA reported in September, and one that came during a period when carriers are normally ramping up business for the peak pre-Christmas shipping season. Traffic for the carriers measured in freight metric-tonne kilometers … [Read more...] about Asia Air Cargo Dives 11 Per cent
AAPA
China : Asia-Pac airline association gives dire warning
Some airlines will not survive the global economic slump, an industry association has warned in Singapore, with the next 12 to 18 months being “extremely difficult” for Asia-Pacific carriers. Passenger numbers are falling as Americans and Europeans curtail travel plans in the fact of financial turmoil, according to the Kuala Lumpur-based Association of Asia Pacific Airlines. “The biggest challenges right now are weakening passenger demand, particularly for first- and … [Read more...] about China : Asia-Pac airline association gives dire warning
Malaysia: AP carriers’ volumes drop
The Malaysia Association of Asia Pacific Airlines (AAPA) carriers, which include major global air cargo industry players such as Cathay Pacific Airways, Japan Airlines, Korean Airlines and Singapore Airlines, saw their total international freight traffic drop for the second month in a row in July. The July figure of 4,497 million freight tonne kilometres (FTKs) was 5.5 per cent down on the comparable month in 2007. The average freight load factor was up marginally, by 0.3 of a percentage … [Read more...] about Malaysia: AP carriers’ volumes drop
Malaysia: AP carriers' volumes drop
The Malaysia Association of Asia Pacific Airlines (AAPA) carriers, which include major global air cargo industry players such as Cathay Pacific Airways, Japan Airlines, Korean Airlines and Singapore Airlines, saw their total international freight traffic drop for the second month in a row in July. The July figure of 4,497 million freight tonne kilometres (FTKs) was 5.5 per cent down on the comparable month in 2007. The average freight load factor was up marginally, by 0.3 of a percentage … [Read more...] about Malaysia: AP carriers' volumes drop
Ad – After Content