Published on : Wednesday, November 29, 2017
Preliminary traffic figures for the month of October released by the Association of Asia Pacific Airlines (AAPA) showed solid expansion in
international air passenger demand and healthy growth in international air cargo markets.
Global business and consumer confidence levels remained positive, supporting growth in travel demand for the region’s carriers on long haul routes, particularly between Europe and Asia, as well as within the region. Overall, Asia Pacific airlines registered a firm 8.3% increase in the number of international air passengers carried to a combined total of 26.4 million in October, whilst demand in revenue passenger kilometres (RPK) grew by 9.7%.
After accounting for an 8.1% increase in available seat capacity, the average international
passenger load factor climbed 1.1 percentage points higher to 78.0% for the month.
Reflecting the sustained upturn in global trade for consumer and intermediate goods, Asia
Pacific airlines saw international air cargo demand, as measured in freight tonne kilometres (FTK), increase by 5.8% in October, even when compared to the high base levels recorded in the same month last year. Offered freight capacity expanded by 4.1%, resulting in a 1.1 percentage point increase in the average international freight load factor to 66.9% for the month.
Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “During
the first ten months of the year, Asia Pacific airlines carried a total of 262 million
international passengers, representing a 5.7% increase compared to the same period last
year. International air cargo traffic demand grew by a robust 10.1% during the same
Mr. Herdman added, “The encouraging results mirror the current solid and steady
expansion in the global economy. Airlines have responded by strengthening their networks
offering additional frequencies and adding new destinations. At the same time, the rise in
global economic activity has seen a sustained pick up in global trade and transportation of
manufactured goods, with air cargo playing an important role in restocking global supply
chains and the growth of e-commerce. As a result, Asian airlines continued to enjoy healthy growth in the air cargo segment, maintaining the broad upswing in demand which began in the latter half of 2016.”