|Vol. 16 No. 61||
Monday July 31, 2017
Business Booms As Q4 Looms
Vigorous year-on-year June air freight growth points to “high demand” in Q4 peak season…
Strong exports this year have driven double-digit growth in air cargo volumes out of Asia, according to the latest figures from leading airports and carriers. And with macro-economic signals positive and new product launches expected to boost volumes in the coming months in the lead-up to the Q4 peak season, the demand outlook is bright.
Capacity Versus Yield
However, air freight service providers are, so far at least, struggling to convert higher demand into price hikes as excess bellyhold capacity puts a ceiling on rate increases.
AAPA Counts To Ten
The Association of
Asia Pacific Airlines said the region’s airlines saw year-on-year
growth of more than 10 percent in the first half of 2017, while in
June international air cargo demand rose 10 percent year-on-year measured
in freight tonne kilometres. In June, offered freight capacity increased
by 4.8 percent, leading to a 3.1 percentage point increase in the
average international freight load factor to 66.2 percent.
PVG ICN Ahead
At Shanghai Pudong
Int'l Airport Cargo Terminal Co., Ltd. (PACTL), volumes last month
rose 13.8 percent year-on-year with international inbound cargo up
20.5 percent and outbound cargo up 11.9 percent.
Skies Brightening Ahead
With multiple product launches due for shipment in the coming months from the electronics sector and macro-economic indicators performing better than expected, most industry analysts are now expecting a healthy Q3 ahead of a strong peak season in Q4.
AAPA Director General Andrew Herdman said global trade activity had
picked up markedly since the middle of last year with air freight
volumes growing at a robust pace.
strong volume growth, Drewry’s East-West Airfreight Price Index
only climbed 1.2 percent month-on-month in June, following a slight
dip in May, a trend that suggests excess bellyhold capacity remains
a drag on the industry.
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Vol. 16 No. 59
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Chuckles for July 25, 2017
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Publisher-Geoffrey Arend • Managing Editor-Flossie Arend •
Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend • Advertising Sales-Judy Miller
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