ASIAN CARGO BOOMS; PASSENGER TRAVEL STRUGGLES

Association of Asia Pacific Airlines (AAPA) released a statement proving a healthy growth of air freight for the month of October as compared to a rather depressing air passenger demand in Asia. To keep things in perspective, about 31 million people travelled using the region’s carrier in October 2019 and only 1.2 million people were recorded to have travelled in October 2021. In the same time frame, air freight grew 22.3% (in freight tonne kilometre). One major reason behind this increase is that retailers are attempting to increase stock levels ahead of the year-end holiday season and major shopping events. Passenger travel still poses some challenges as travel policies and health protocols have different standards for each country.

Summary by Tejaswi Khanna

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