Asian carriers continue to be hit hard by the cargo market slump brought on by a global economic slowdown and weak consumer confidence in Europe and the US, the head of the Assn. of Asia Pacific Airlines (AAPA) said Thursday. Speaking in Kuala Lumpur ahead of AAPA’s annual assembly of presidents, DG Andrew Herdman said Asian carriers account for approximately 40% of global air cargo traffic. They have been particularly hard hit by the reduced demand for airfreight and the current ...

Subscribe to Access this Entire Article

"AAPA chief sees pivotal year despite cargo slump" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.