International air freight carried by Asian airlines rose 4 percent in June compared to a month earlier, but traffic fell 0.8 percent year-over-year, according to the Association of Asia Pacific Airlines.
Offered freight capacity declined 0.4 percent year-over-year last month, pushing the average international air cargo load factor up by 0.4 of a percentage point to 67.8 percent.
Andrew Herdman, AAPA director general, said air cargo markets still remained relatively depressed, with Asian airlines' international air cargo traffic down 4.3 percent for the first six months of the year, reflecting weak consumer confidence in major developed markets.
“Although passenger demand has held up well, weak air cargo demand has undermined overall revenue growth, whilst cost pressures from high fuel prices squeezed already thin margins,” he added.
“Oil prices have moderated from their recent highs, providing a measure of relief, but prospects for the second half of the year are still overshadowed by continuing uncertainty over the weak global economic outlook.”
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