Neelam Mathews
Nov 8, 2012
Kuala Lumpur
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Cargo isn’t recovering just as yet, says Andrew Herdman, Director
General of the Association of Asia Pacific Airlines (AAPA) a day before the 56th
Assembly of Presidents, being hosted by Malaysia Airlines in Kuala Lumpur
over the next two days.
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“The global economic slowdown has had a
dramatic impact on air freight, which has remained depressed as a result of
weak consumer confidence in Europe and the United States, with a corresponding
slowdown of exports from Asia. As Asian carriers operate large freighter
fleets and account for approximately 40% of global air cargo traffic, they have
been particularly hard hit by the current cargo market weakness,” said Herdman.“It
is difficult to see a cargo upturn.”
There is hope for the passenger business. “2012 is proving to be
a pivotal year for the global air transport industry, with enterprising
carriers from the Asia Pacific region at the forefront of major developments. Ground breaking deals that would
have been unimaginable even a year ago are rapidly turning previous rivals into
long-term strategic partners. The
new competitive landscape is providing consumers with a wide variety of new
travel options and adding tremendous momentum to the rise of Asian carriers in
the global industry," said Herdman.
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