Asian Air cargo drops sharply in November
of Asia Pacific Airlines. November was the seventh straight month of accelerating
declines and suffered the sixth consecutive monthly contraction.
eighth straight month of declining capacity and it’s been 14 months since Asian
carriers have added freight capacity at any substantial level.
ton kilometers in November 2007 to 4.3 billion FTK this year.
kilometers dropped 8.9% from 7.4 billion FATK a year ago to 6.7 billion FATK in
November this year.
Japanese exports fell 27 percent in November, the government there reported, and
Taiwan exports were off 23 percent.
year is now reflected in sharply weaker demand for air travel and cargo shipments,”
said Andrew Herdman, director general of AAPA.
are expected to remain extremely difficult moving into 2009, forcing airlines
to adopt additional cost-saving measures, including capacity cutbacks and deferral
of planned capital expenditures,” Herdman said.