TravelNewsAsia.com
Tue, 25 Sept 2018

Asia Pacific Airlines Carried 32 Million International Passengers in August 2018

Preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) for the month of August 2018 show robust growth in international air passenger markets, buoyed by higher leisure travel demand during the peak holiday season.

 International air cargo markets also saw sustained client demand during the month.

In aggregate, Asia Pacific airlines carried 32.0 million international passengers in August, a firm 8.4% increase compared to the same month last year, with consumer confidence underpinned by ongoing economic expansion. Demand as measured in revenue passenger kilometre (RPK) terms grew by 8.2%, reflecting strong contributions from both regional and long haul travel markets. The comparatively moderate expansion in available seat capacity, by 6.2% for the month, led to a 1.5 percentage point increase in the average international passenger load factor to a record ten-year high of 83.4%.

Korean Air Boeing 787-9. Click to enlarge.

Growth in international air cargo demand as measured in freight tonne kilometres (FTK) recorded a 4.2% year-on-year increase in August. Monthly FTK volumes remained relatively firm, with broad-based economic growth continuing to support demand for air cargo. The average international freight load factor fell slightly by 0.8 percentage points to 63.2% for the month, following a 5.5% expansion in offered freight capacity.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, "Strong business and leisure travel demand continued to fuel growth in international passenger markets for Asian carriers. Overall, the region's airlines achieved an impressive 8.0% increase in the number of international passengers carried to a combined total of 239 million in the first eight months of the year. During the same period, international air cargo demand increased by 4.8%, although growth rates have moderated after the strong surge we saw last year."

Looking ahead, Mr. Herdman said, "The ongoing expansion in the global economy is sustaining high levels of consumer confidence which should continue to support further growth in both leisure and business travel markets. Air cargo demand remains relatively firm moving into the peak season, even though growth rates have moderated. The escalation in protectionist rhetoric and the imposition of new tariffs has so far had little real impact on trade flows, but adds an element of uncertainty for businesses reliant on integrated global supply chains. Asian airlines are benefitting from the sustained growth in air travel demand, and achieving high load factors, but continue to face a challenging operating environment, buffeted by the effects of high fuel prices and weak local currencies. Overall, Asian airlines remain proactive in adapting to such pressures in a bid to maintain earnings performance."

Asia Pacific Aviation Industry Update 2018

PODCAST

 

Latest videos and podcasts: Compass Edge Finland - Interview with Deiv Salutskij, Managing Director, Korean Air - Exclusive HD Video Interview with Three Senior Executives, Korean Food and Soju - Interview with Jaeyoung Lee, Executive Chef of Four Seasons Hotel Seoul, AAPA Charts Priorities for Future Aviation Development; Passes Resolutions, Asia Pacific Aviation Industry Update - AAPA Assembly of Presidents 2018 Press Conference, World's Best Airport Hotel - Interview with GM of Crowne Plaza Changi Airport Singapore, What is a Moxy Hotel? Interview with Matthias Y. Sutter, WWF and Sustainable Hotels / Tourism - Interview with Maggie Lee, JW Marriott Phuket Resort & Spa - Interview with Matthias Y. Sutter, GM, Sustainable Hotels - Crowne Plaza Changi Airport Interview with GM, Bruno Cristol, Saving Boracay Island, Philippines - Interview with Cyndy Tan Jarabata, Sustaining Tourism - Interview with Eric Ricaurte, Founder of Greenview, Sustainable Hotels - Interview with GM of JW Marriott Phuket, Diving in Phuket, Thailand - Interview with Sea Bees' Karen Lewis, Anthony Lark Explains PHIST, Raya Heritage Resort in Chiang Mai, Thailand - Interview with Naphat Nutsati, GM, Executive Chef at Raya Heritage Resort Chiang Mai, Pattana Golf Club & Resort in Sriracha, Thailand - Interview with MD, Thomas Tapken, Danesfield House Hotel & Spa in Marlow, England - Interview with GM, Anthony Cox, World Travel Market London 2018 - Interview with Simon Press, Senior Exhibition Director, airBaltic Airbus A220-300 Interview with Martin Gauss, CEO, Jake Needham - Interview with an American Author in Bangkok, Quick Look at the Dell Precision 7730 Mobile Workstation (Three Videos) and Dusit Thani Bangkok - Is It Really Going to Close? Interview with Titiya Xuto.

See latest HD Video Interviews, Podcasts and other news regarding: AAPA, Traffic.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Latest Travel News
Advertising
Advertising
Copyright © 1997-2018 TravelNewsAsia.com