Asia Pacific Airlines Carried 26.4 Million
Int. Passengers in October 2017
Preliminary traffic figures from the Association
of Asia Pacific Airlines (AAPA) for the month of October 2017 show
solid expansion in international air passenger demand and healthy
growth in international air cargo markets.
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 period."
"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," Mr. Herdman added. "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."