Asia Pacific Airlines Carried 29.5 Million
Int. Passengers in October 2018
Preliminary traffic figures from the Association
of Asia Pacific Airlines (AAPA) for the month of October 2018 show
international air passenger markets continued to expand at an
encouraging pace, whilst international air cargo volumes also
remained firm, notwithstanding tensions around global trade
policies.
The number of international passengers carried
by Asia Pacific airlines climbed 6.0% higher to a combined total
of 29.5 million for the month. Demand in revenue passenger
kilometres (RPK) terms increased by 6.2%, ahead of the 5.7%
expansion in available seat capacity. As a result, the average
international passenger load factor edged 0.4 percentage points
higher to 78.9% in October.
Asian airlines saw international air cargo
demand as measured in freight tonne kilometres (FTK) increase by
5.6% year-on-year in October, supported by increasing orders going
into the year-end peak season. Offered freight capacity increased
by 7.3%, resulting in a 1.1 percentage point decline in the
average international freight load factor to 65.5% for the month.
Mr. Andrew Herdman,
AAPA Director General said, "The global economy continued to
expand moving into the fourth quarter, with further strengthening
of global services activity but somewhat slower expansion in the
global manufacturing sectors. Together with improvements in
connectivity, these factors supported the continued growth in air
traffic demand for Asian carriers." Overall, for the first ten months of the year,
Asian airlines reported a healthy 7.2% increase in the number of
international passengers carried to an aggregate total of 296
million. International air cargo traffic carried by Asian airlines
recorded 4.8% growth during the the same period."
Looking ahead, Mr. Herdman said, "Prospects for
further growth in air travel demand and air cargo markets remain
positive. Geopolitical risks and uncertainty over unresolved trade
tensions are a concern, but consumer confidence levels remain
relatively robust. Overall, the region's carriers remain focused
on strengthening financial performance through operational
efficiency gains, whilst delivering high levels of customer
service."
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