The Association of Asia Pacific Airlines (AAPA), the body representing the interest of major carriers in the APAC region, has reported a decline of 2.8 percent in air cargo traffic measured in freight tonne kilomteres (FTKs) in March. The growth on the same parameter had stood at 13 percent in March, 2017. According to AAPA monthly report, the carriers had increased their cargo capacity by 5.6 percent but the resultant impact on load factor was negative with a decline of 1.8 percent.
“The airline operating environment remains challenging, with competitive pressures including higher fuel prices and labor expenses,” Andrew Herdman, the director general of AAPA said. “Asia Pacific airlines, therefore, remain focused in striving for cost efficiencies and productivity improvements whilst seeking avenues for further growth.”