Demand for International Air Travel in Asia Pacific Grows Moderately

News in Asia
Demand for International Air Travel in Asia Pacific Grows Moderately

According to the figures reveled by the Association of Asia Pacific Airlines (AAPA), in October 2019, the member airlines carried 30.7 million international passengers. The figures indicate the demand of international air passengers continues growing regardless the slowdown of global economy activity.

AAPA unites major scheduled international airlines based in the Asia-Pacific region. Currently there are 16 members in the association:

Air Astana from Kazakhstan
All Nippon Airways and Japan Airlines from Japan
Asiana Airlines and Korean Air from South Korea 
Bangkok Airways and Thai Airways International from Thailand
Cathay Pacific Airways and Cathat Dragon from Hong Kong
China Airlines and EVA Airways from Taiwan
Garuda Indonesia from Indonesia
Malaysia Airlines from Malaysia
Philippine Airlines from Philippines
Royal Brunnei Airlines from Brunnei
Singapore Airlines from Singapore

In October, the passenger traffic grew 3.1 percent compared to the same period last year while revenue passenger kilometre (RPK) rose 3.5 percent what indicates that long haul markets are strong. Seat capacity rose by 2.2 percent and the average international passenger load factor – by 1 percent reaching 79.8 percent.

Andrew Herdman, AAPA Director General, commented: "The first ten months of the year saw Asian airlines carry 312 million international passengers, a 4.3 percent increase compared to the same period last year. On the other hand, air cargo volumes fell by 5.6 percent, with trade tensions and geopolitical risks dampening business sentiment and export orders. 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 match demand."

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