Asia Pacific Airline record steady growth in September

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Oct 27, 2016: Asia Pacific Airlines collectively recorded a steady growth in passenger as well as cargo traffic for the month of September as per the report published by the Association of Asia Pacific Airlines (AAPA).

The region's airlines carried 23.5 million international passengers in September, representing a 7.0% increase compared to the same month last year. Demand in revenue passenger kilometre (RPK) terms increased by 7.6 percent faster than the 6.7 percent expansion in available seat capacity. As a result, the average international passenger load factor edged 0.6 percentage points higher to 77.9 percent for the month.

Similarly air cargo markets experienced further improvement in September, as reflected in the 5.3 percent growth in demand as measured in freight tonne kilometres (FTK). The average international freight load factor increased marginally, by 0.5 percentage points to 63.0 percent for the month, after accounting for a 4.4 percent expansion in offered freight capacity.

Commenting on the results, Andrew Herdman, AAPA Director General said, "Air passenger demand continues to grow healthily, as the past nine months saw a firm 6.5 percent increase in the number of international air passengers carried by Asian airlines to reach a combined total of 220 million."

Herdman added, "Air cargo volumes aggregated for the first nine months of the year match those of the same period last year, reflecting the modest upswing in demand in recent months, bolstered by higher shipments of electronics designated for product launches."

Looking ahead, Herdman concluded, "Whilst air passenger numbers continue to demonstrate resilience, Asian carriers face challenges in the form of intense competition and cost pressures, as crude oil prices have risen from historical lows. In addition, the lack of impetus for a revival in global trade activity may present some headwinds to sustained growth in air cargo markets."

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