Asia Pacific Airline Leaders in Jeju, South
Korea for 62nd AAPA Assembly of Presidents
[HD video and podcast
below] Against a backdrop of sustained economic growth,
a growing middle class and increased demand for air travel, Asia
Pacific air carriers continue to spearhead the development of this
global industry by investing in next generation aircraft with the
very latest cabin innovations across all classes, as well as other
customer service initiatives.
Reflecting strong business and leisure travel
demand, the region's airlines achieved an impressive 8.0% growth
in the number of international passengers carried during the first
eight months of the year.
During the same period, international air
cargo demand increased by 4.8%, although growth rates have
moderated following the surge in 2017, with some concern over
rising tensions between major trading nations.
Rising fuel costs
and currency fluctuations are putting margins under pressure,
although overall, Asia Pacific airlines are expected to deliver
substantial profits for the fourth year in succession.
Asia Pacific airline leaders, in Jeju, South
Korea this week for the
Association of Asia Pacific Airlines 62nd Assembly of Presidents,
are well placed to tackle upcoming business challenges, whilst
remaining optimistic about long-term growth prospects.
With Asian airlines carrying more than one third
of global air freight volumes, concerns over ongoing trade
tensions are being closely monitored given the potential negative
impact on trade flows and global supply chains.
A key area of concern is infrastructure with the
clear need for investments in new air transport facilities such as additional runways, terminals and air traffic
management to match traffic growth and the
expected deliveries of new aircraft to the region over the next
ten years. There is an ongoing debate on how such infrastructure
should be funded, and the need for more effective cooperation
between airlines, airports and governments. The Assembly is also
expected to address the associated issue of manpower development
and future training needs.
Given the highly interconnected nature of the
air transport industry, cybersecurity is also coming under
increasing focus and is expected to be another topic of interest
at the Assembly on Friday.
Environmental sustainability will also be a
topic of discussion at the Assembly, as reporting of international
airline emissions becomes mandatory under ICAO's Carbon Offsetting
and Reduction Scheme for International Aviation (CORSIA) from
Other key industry topics under consideration at
this year's Assembly include taxes and charges, and passenger
"Air transport is widely recognised as a key
contributor to economic and social development, built around
strong global networks offering both passenger and air cargo
services. We are delighted to be meeting here in Korea, the
world's eleventh largest economy, as well as a popular tourist
destination. The dynamic airline sector epitomises the way in
which region's carriers are at the forefront of global air
transport industry development," said Mr. Andrew Herdman, Director
General of the Association of Asia Pacific Airlines. "Working
together as a community, AAPA is determined to tackle the numerous
challenges that face the industry."