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%.
Kuala Lumpur, Malaysia – Preliminary traffic figures for the month of October released recently 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.
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 period.“
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.”
Looking ahead, Mr. Herdman concluded, “The overall demand outlook remains positive, although Asian airlines are operating in highly competitive markets and face rising cost pressures, with average jet fuel prices up 24% to US$64 per barrel for the first ten months of the year. Nevertheless, Asian airlines remain focused on implementing further improvements in operational efficiency and other cost saving measures, whilst identifying new opportunities for revenue generation.”
Traffic update preliminary
International Scheduled Services of Asia Pacific Airlines
Effective May 2017, the dataset comprises aggregated traffic data from the following 32 Asia Pacific based carriers: 5J, 6E, 9W, AI, AK, BI, BR, CA, CI, CX, CZ, GA, HU, JL, JQ, KA, KC, KE, MH, MU, NH, NZ, OZ, PG, PR, SG, SQ, TG, TR, QF, VA and VN.
- Previous year data adjusted for comparison purposes
- RPK = revenue passenger kilometres
- ASK = available seat kilometres
- FTK = freight tonne kilometres
- FATK = available freight tonne kilometres
- All figures, including estimates for missing data, are provisional
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
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