Preliminary November 2025 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed continued strong growth in both international air passenger and cargo markets.
Air cargo demand also continued to expand, helped by increased export activity and a rise in e-commerce ahead of the year-end festive season.
International freight demand grew by 6.2% year on year in November, while cargo capacity increased by 7.2%. This led to a slight fall in the average freight load factor, down 0.6 percentage points to 61.9%.
Subhas Menon, Director General of AAPA, said: “Continued robust growth in both leisure and business travel propelled passenger demand higher in November, contributing to a solid 10% increase in the number of international passengers carried for the first eleven months of the year, to a total of 355 million.”
“Meanwhile, Asian carriers benefitted from strong demand for the timely shipment of goods, consistent with past traffic trends for this time of the year.
“Overall, air cargo demand remained resilient over the year, rising by 5.6% year-on-year for the first eleven months of 2025, as supply chains increasingly shifted towards other economies in Asia.”
