Preliminary traffic figures from the Association
of Asia Pacific Airlines (AAPA) for the month of October 2019 show
that international air passenger demand continued to grow
at a moderate pace, demonstrating resilience in the face of the
ongoing easing in global economy activity.
A combined 30.7 million international passengers were carried
by the region's airlines in October, 3.1% more than the same month last year. Demand in revenue passenger kilometre (RPK) terms
climbed 3.5% higher, reflecting the relative strength of long haul markets. After accounting for a 2.2% expansion in available seat
capacity, the average international passenger load factor rose by 1 percentage point to reach 79.8% for the month.
air cargo markets persisted in October, as the slowdown in overall demand for
exports continued to weigh on international trade flows.
International air cargo demand in freight tonne kilometre terms
(FTK) declined by 5.9% year-on-year, whereas offered
freight capacity increased by a marginal 0.1%. As a result, the
average international freight load factor fell, by 3.9 percentage points to 61.9% for the month.
first ten months of the year saw Asian airlines carry 312 million
international passengers, a 4.3% increase compared to the same
period last year. On the other hand, air cargo volumes fell by
5.6%, with trade tensions and geopolitical risks dampening
business sentiment and export orders," said Mr.
Andrew Herdman, AAPA Director General. "Against a backdrop of a slowing global economy
and intense competition, Asian airlines face continued pressure on
margins. Nevertheless, the region's carriers remain pro-active in
identifying measures to control costs in order to maintain overall
profitability, and are adjusting their route networks to better