The Association of Asia Pacific Airlines (AAPA) says 2009 cargo traffic cargo dropped 11.0 percent overall in comparison to the previous 12 months. The average load factor for the period remained almost unchanged at 66.1 percent.
Andrew Herdman, AAPA Director General said, “We have been through downturns before, but none as severe as we’ve experienced in the past two years. Overall, Asia Pacific airlines are expected to report significant losses for 2009, following similar heavy losses suffered in 2008.”
Herdman noted that air cargo “is regaining some of its dynamism,” as his members focus on conserving cash and matching capacity with demand.
“Whilst we remain hopeful about future prospects, the outlook for 2010 very much depends on the sustainability of what still appears to be a rather fragile global economic recovery,” he added.
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