AAPA: Asian airlines’ passenger numbers up 7.7% in February

posted on 26th March 2018 by Jordan Newton
AAPA: Asian airlines' passenger numbers up 7.7% in February

The Asian region’s airlines carried a combined total of 28 million passengers in February, according to the Association of Asia Pacific Airlines (AAPA).

The association said growth was underpinned by positive business and consumer sentiment across major advanced and emerging market economies.

AAPA added the 7.7 per cent increase in passengers numbers compared to the same month last year, was boosted by an increase in leisure travellers during the Chinese New Year festive period.

As measured in revenue passenger kilometres (RPK), demand grew by 8.9 per cent, on the back of growth in long-haul travel markets.

The average international passenger load factor edged 0.8 percentage points higher to 81.2 per cent for the month, after accounting for a 7.8 per cent expansion in available seat capacity.

AAPA director general, Andrew Herdman said: “During the first two months of the year, Asian airlines carried a total of 57.5 million international passengers, representing a 4.9 per cent increase compared to the corresponding period last year.

“Positive global economic conditions, with firm business confidence levels helped boost premium class markets, whilst continued availability of affordable airfares encouraged growth in the economy class segment.”

Looking ahead, Herdman added: “The ongoing positive global economic momentum provides continued optimism for further expansion in the aviation markets in the coming months. Nevertheless, the recent rise in protectionist rhetoric poses some risks to trade and business activity.

“Overall, Asian airlines continue to exercise vigilance in identifying any further changes in operating conditions, whilst seeking opportunities in growth markets.”