Thursday, July 28, 2011
Freight (Domestic + International)
1. Asia Pacific carriers , the biggest players in the air freight market with a 40.5% market share, also recorded the largest year-on-year decline (-5.8%). This is mainly attributable to (1) disrupted supply chains for the electronics and auto industries in the wake of the Japanese tsunami and earthquake and (2) slower economic growth in China. The strength of the region however is shown in the maintenance of the highest load factors (58.6%) well ahead of the 45.7% industry average for the month.
2. European carriers posted a 1.3% decline and North American carriers recorded a decline of 3.0% compared to June 2010 levels.