The
Association of Asia Pacific Airlines’ (AAPA) traffic figures for
August 2021 show that
international air cargo markets remained resilient during the
month, propelled by
ongoing expansion in e-commerce and demand for intermediate goods.
On the other hand, severe weakness in international air travel
persisted, as governments maintained strict border control
measures amid the escalation in COVID19 cases across the region.
For the month of August, the 1.4 million
international passengers carried by the region’s airlines was just
4.0% of the 34 million registered in August 2019, underscoring the
continued absence of a revival in demand, in stark contrast to the
summer months prior to the onset of this global health crisis.
With available seat capacity averaging 13.7% of pre-pandemic
levels, the international passenger load factor remained under
pressure, averaging just 34.7% in August.
Mr. Subhas Menon, AAPA Director General said,
“Whilst the spread of the highly contagious Delta variant
indicates there is no immediate end in sight to the global
pandemic, the acceleration in domestic vaccination roll-outs in a
number of Asian economies is a positive step towards the
resumption of air travel, as seen in the progressive relaxation of
border controls in some countries. Indeed, some governments in the
region have begun to pave the way with the recent reopening of
selected destinations to domestic and international arrivals.
“Nevertheless, vaccination inequity remains a
major stumbling block to the reopening of borders in the region,
especially in places that have little to no access to vaccines.
With travel and tourism as key contributors to many of the
region’s economies, the lack of progress on this front will
continue to impact the many livelihoods that depend on these
sectors.”
Air Cargo
Supply congestion in major exporting ports such as
in China increased demand for the transportation of merchandise by
air, contributing to the 26.0% year-on-year growth in
international air cargo demand as measured in freight tonne
kilometres (FTK) in August.
Despite the supportive demand
conditions, limited bellyhold space resulting from the low number
of passenger flights continued to constrain freight capacity, which saw a
comparatively slower 17.8% year-on-year increase.
As a result, the
average international freight load factor of 76.0% for the month
was close to the historical high achieved in July.
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