THE Association of Asia Pacific Airlines (AAPA) saw cargo volumes decline 6.5 per cent year on year in September - roughly in line with performance for the rest of the year.
"Unresolved trade frictions have undermined business confidence and disrupted global supply chains, said the AAPA. Asian airlines saw overall demand for air cargo fall by 5.8 per cent during the first nine months of the year, with the outlook remaining subdued in the near term," said AAPA director general Andrew Herdman.
"Operating conditions are challenging for Asian carriers, which face intense competitive pressures against a backdrop of moderating economic sentiment. Nevertheless, airlines are carefully managing capacity expansion, exercising cost discipline, and streamlining operations in a bid to maintain profitability," he said.