Cargo numbers for Asia-Pacific carriers continue to decline amid uncertainty in global business sentiments, trade tensions and falling exports. According to the Association of Asia Pacific Airlines (AAPA), freight demand, measured as FTKs, shrunk 7.7% year-on-year (YOY) for July. The demand decline, against a flat cargo capacity growth of 0.4%, led to a 5.2-point drop in the average cargo load factor, to 58.9%. “Global trade conditions deteriorated further, as higher tariffs ...

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