FedEx Express, the airline subsidiary of FedEx Corp , sees the momentum in the cargo sector remaining strong, CEO David Bronczek said.

"The momentum we see in the air cargo sector is strong. We see it coming strong out of Asia-Pacific, of course, led by China," Bronczek told reporters on the sidelines of the annual general meeting of the International Air Transport Association in Singapore.

He said the momentum would continue as long as oil prices did not "throw a wrench in the works", or affecting the U.S. and the global economy.

"That is a very big concern," he added. (Reuters)