AAPA: Asia Pacific passenger traffic continues to boom

posted on 24th July 2018 by Justin Burns
AAPA: Asia Pacific passenger traffic continues to boom

Passenger traffic across Asia Pacific carriers showed strong growth in June, according to figures released by the Association of Asia Pacific Airlines (AAPA).

The region’s airlines carried 29.5 million international passengers in June, a 10.7 per cent increase compared to the same month last year which AAPA said was “underpinned by robust expansion in the services sectors”.

Demand in revenue passenger kilometre (RPK) terms increased by 9.6 per cent, which AAPA said underscored the relative strength of regional travel markets.

The average international passenger load factor climbed 1.9 percentage points higher to 81.6 per cent for the month, after accounting for a seven per cent expansion in available seat capacity.

AAPA director general, Andrew Herdman said: “Asian airlines continued to benefit from sustained regional and wider economic growth, as well as improvements to connectivity within and across regions.

“Overall, the first half of the year saw the region’s airlines register a solid 8% increase in the total number of international passengers carried to 176 million.”

Looking ahead, Herdman said: “Global economic prospects remain positive, anchored on expectations of firm domestic demand across regions, despite some concern over the possible adverse effects of trade tariffs.

“Airfares are edging higher reflecting the impact of higher fuel prices this year, but demand conditions remain relatively favourable. Overall, Asian carriers continue to explore new avenues to optimise revenue growth, in order to maintain margins.”