Asia Pacific Airline Trends

Asia Pacific Airlines Traffic Results November 2017

Asia Pacific Airlines Association

Preliminary traffic figures for the month of November released today by the Association of Asia Pacific Airlines (AAPA) showed robust demand in both international air passenger and air cargo markets, reflecting the ongoing global economic upswing.

Boosted by strong business and leisure travel demand, the region’s airlines carried a combined total of 25.9 million international passengers in November, 9.3% more than the same month last year. Demand in revenue passenger kilometres (RPK) increased by 9.4% whilst available seat capacity expanded by 7.3%, leading to a 1.5 percentage point increase in the average international passenger load factor to 78.8% for the month.

Solid expansion in new business orders, underpinned by strong demand from advanced economies, helped support further growth in air cargo volumes for the region’s airlines. As a result, demand as measured in freight tonne kilometres (FTK) climbed 9.2% higher in November. Growth in demand significantly outpaced the 4.7% expansion in offered freight capacity, resulting in a 2.9 percentage point increase in the average international freight load factor to 69.4% for the month.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “With business and leisure travel demand spurred by steady growth in the global economy, the first eleven months of the year saw a healthy 6.0% increase in the number of international passengers carried by Asian airlines to a combined total of 288 million. Within the same period, international air cargo demand increased by 10.0%, on the back of the firm pick- up in global trade activities.”

Looking ahead, Mr. Herdman added, “2017 is expected to end on a positive note for both passenger and cargo traffic given current trends. With the global economy riding on positive business and consumer confidence levels amid continued expansion in order books, the demand outlook for Asian carriers remains positive. In the meantime, the region’s airlines remain focused on effectively managing capacity in response to evolving patterns of market demand as well as improving operational efficiency.”

TRAFFIC UPDATE – PRELIMINARY International Scheduled Services of Asia Pacific Airlines

International

Nov-17

Nov-16

% Change

Jan-Nov 2017

Jan-Nov 2016

% Change

Passengers (Thousand)

25,929

23,726

+ 9.3%

288,072

271,656

+ 6.0%

RPK (Million)

95,261

87,043

+ 9.4%

1,077,698

995,136

+ 8.3%

ASK (Million)

120,855

112,643

+ 7.3%

1,351,217

1,267,112

+ 6.6%

Passenger Load Factor

78.8%

77.3%

+ 1.5 pp

79.8%

78.5%

+ 1.3 pp

FTK (Million)

6,474

5,928

+ 9.2%

64,363

58,510

+ 10.0%

FATK (Million)

9,333

8,913

+ 4.7%

98,962

94,856

+ 4.3%

Freight Load Factor

69.4%

66.5% + 2.9 pp

65.0%

61.7% + 3.3 pp

Effective May 2017, the dataset comprises aggregated traffic data from the following 32 Asia Pacific based carriers: 5J, 6E, 9W, AI, AK, BI, BR, CA, CI, CX, CZ, GA, HU, JL, JQ, KA, KC, KE, MH, MU, NH, NZ, OZ, PG, PR, SG, SQ, TG, TR, QF, VA and VN.

  • Previous year data adjusted for comparison purposes

  • RPK = revenue passenger kilometres

  • ASK = available seat kilometres

  • FTK = freight tonne kilometres

  • FATK = available freight tonne kilometres

  • All figures, including estimates for missing data, are provisional



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