Falling exports and a worsening trade outlook has led to further weakness in air cargo markets, according to latest figures released by the Association of Asia Pacific Airlines (AAPA). The region’s airlines registered a 7.7% fall in air cargo demand as measured in freight tonne-kilometres (FTK) in July. The markedly lower demand, coupled with almost flat expansion in offered freight capacity, by 0.4%, led to a 5.2 percentage point decline in the average international freight load factor, to 58.9% for the month. Trade tensions, alongside deteriorating business confidence levels, contributed to further declines in orders for goods. Commenting on the results, Andrew

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