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
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%.
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
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."