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Asian aviation outlook “remains positive”

Asian aviation outlook “remains positive”

Mark Elliott

- June 22, 2017

AAPA director general Andrew Herdman
Andrew Herdman

Airlines based in the Asia Pacific region carried a combined total of 25.2 million international passengers in May 2017, up 5.4% year-on-year.

According to the latest data from the Association of Asia Pacific Airlines (AAPA), demand (measured in revenue passenger kilometres, or RPK), jumped 9.4% last month, reflecting the strength of demand on long-haul routes.

This outpaced a 6.4% expansion of seat capacity, allowing airlines’ international passenger load factor – or the average percentage of seats filled – to increase by 2.2 points to 77.4%.

Commenting on the results, AAPA director general Andrew Herdman, said; “The ongoing pick-up in the global economy, accompanied by increased consumer and investment spending has provided a boost to both international air passenger and air cargo markets. Asian carriers are major players in the global air cargo market, and continue to benefit from the upswing in trade growth.”

For the first five months of 2017, international traffic has now increased by 5.8% to an aggregate total of 129m passengers. And looking ahead, Herdman said that the outlook for air passenger traffic in Asia Pacific “remains positive”.

He cautioned however, that airline profitability “remains constrained by competitive yield pressures and higher operating costs”.

“Fuel prices, in particular, have risen by 38% to average US$53 per barrel during the first five months of the year. Given the still challenging operating environment, airlines remain focused on disciplined cost management efforts throughout the business, whilst pursuing further growth opportunities,” Herdman concluded.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

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Asian aviation outlook “remains positive”

Mark Elliott

- June 22, 2017

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats