Wednesday, 30 May 2018
ASIA: Asia Pacific Airlines Carried 29.8 Million Int. Passengers in April 2018
A combined total of 29.8 million international passengers were carried by the region's airlines in April, representing a robust 9.3% increase compared to the same month last year.
Business activity strengthened across major advanced and emerging market economies during the month, with positive confidence levels boosting growth in business travel demand.
At the same time, continued availability of affordable airfares driven by promotional campaigns supported growth in leisure travel markets.
Overall, demand as measured in revenue passenger kilometres (RPK) increased by 8.3% year-on-year, ahead of the 7.2% expansion in available seat capacity.
As a result, the average international passenger load factor edged 0.8 percentage points higher to 81.5% for the month.
Whilst there are signs that international trade flows may be easing, international air cargo demand for the region's carriers, in freight tonne kilometres (FTK) terms, saw an encouraging 5.8% year-on-year increase in April.
Improvement in client demand within the region, on the back of stronger domestic conditions, aided growth in air cargo markets.
After accounting for a 6.6% expansion in offered freight capacity, the average international freight load factor was 0.5 percentage points lower at 64.1% for the month.
Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, Overall, during the first four months of the year, Asia Pacific airlines carried an aggregate total of 118 million international passengers, a solid 7.3% increase compared to the same period last year.
Correspondingly, air cargo demand registered an encouraging 5.7% growth during the same period, on top of the strong 9.6% annual increase recorded in 2017."
SSustained growth in the region and the wider global economic expansion lends credence to a positive market outlook for the remainder of the year.
However, operating conditions remain challenging, with airlines still facing intense competition and the pressure of sharply higher fuel costs, up more than 30% compared to last year.
The region's carriers continue to explore avenues for further growth, whilst implementing pro-active measures to control costs and achieve further operational efficiencies.