Preliminary July 2026 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed further moderation in international passenger markets. Higher air fares continued to weigh on demand among price-sensitive leisure travellers. Against this backdrop, Asia Pacific airlines recorded a 1.3% decline in the number of international passengers carried to a combined total of 32.4 million in July.

Air cargo markets posted another month of growth, albeit at a more moderate pace, as strong demand for technology products was partly offset by softer demand for consumer goods.

International air cargo demand, as measured in freight tonne kilometres (FTK), grew by 1.1% year-on-year, while offered freight capacity expanded by 1.8%. Consequently, the average international freight load factor declined by 0.4 percentage points to 61.3% for the month.

Source: AAPA

Asia Pacific Airlines passenger traffic moderates further while cargo markets continue to grow