Airlines in the Asia Pacific recorded strong cargo growth last year, bouncing back from two years of decline, as robust e-commerce activity and disruptions in maritime shipping led to increased air cargo volumes.

Traffic figures released by the Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA) showed that international air cargo demand — measured in freight tonne-kilometres (FTK) — rebounded with a solid 14.9% increase for the year, slightly outpacing a 14.6% growth in offered freight capacity. 

In November, APAC airlines saw a 10.5% year-on-year growth, almost steady from October's 10.9% recorded cargo growth.

"International air cargo markets recorded healthy growth in 2024, after two years in decline," AAPA said in a statement.

It noted that the average international freight load factor rose by a marginal 0.2 percentage points to 61.0% in 2024.

Strong year for Asia Pacific carriers

"2024 was a strong year for Asia Pacific airlines," Subhas Menon, AAPA Director General, said. 

"Despite weakness in the global manufacturing sector, Asia Pacific carriers saw significant growth in their air cargo business, driven by a surge in e-commerce sales and the region’s role as a manufacturing hub, particularly in China."

"Persistent disruptions in maritime shipping also encouraged a modal shift in transport, contributing to the 15% growth in international air cargo demand for the year," he added.

Looking ahead, the AAPA chief noted that the outlook for air travel markets in 2025 remains "broadly positive, although growth rates are expected to moderate further."

"However, airlines continue to face challenges, including rising labour, maintenance, and aircraft leasing costs, as well as operational pressures due to ongoing delays in aircraft deliveries," Menon said.

"To navigate these challenges, airlines are focusing on active cost management and seeking the commitment of equipment suppliers to address supply chain problems while continuing to invest in growth opportunities," he added.