Aapa in April
Preliminary April 2024 traffic figures, released by the Association of Asia Pacific Airlines (Aapa) two days ago, reported a higher demand for consumer and intermediate goods, which contributed to the ongoing positive momentum in air cargo markets.
Subhas Menon, Aapa director general: “For the first four months of the year, Asia Pacific airlines posted an encouraging 15% year-on-year increase in air cargo traffic volumes, with the pick-up in global demand supporting export activity from major manufacturing hubs located in the region, in particular, China.”
Looking ahead, he added: “Positive business and consumer confidence levels are likely to support continued growth in air passenger and cargo markets in the coming months. Nevertheless, supply chain constraints and higher operating costs remain a concern, while geopolitical tensions continue to cloud the outlook of the industry.” (cj)