Asia Pacific carriers on course for good year

International air cargo volumes have grown by 26 percent so far this year and Asia carriers will report strong 2010 financial results, announced the Association of Asia Pacific Airlines (AAPA).

“Asia Pacific carriers have managed their way successfully through the downturn, and are on track to report significantly improved financial results for the full year 2010,” said Andrew Herdman, AAPA director general.

November’s cargo traffic increased by 10.6 percent (expressed in freight tonne kilometres), although a similar increase in offered freight capacity left the average international air cargo load factor for Asia Pacific carriers unchanged at 70.7 percent for the month.

“The outlook for 2011 also remains broadly positive, given expectations of sustained demand growth,” Herdman said.

“Nevertheless, carriers need to remain vigilant, and will be carefully monitoring the progress of economic recovery in the major developed markets, as well as the threat of higher oil prices, amongst other challenges, including unwelcome increases in government taxes and charges which undermine the important role played by aviation in promoting positive economic growth and social development.”
(Source:www.cargonewsasia.com)