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Thursday, September 30, 2010

Strong rebound for Asia-Pacific airlines

I Strong rebound for Asia-Pacific airlines
Kuala Lumpur (2010-09-27)

AIRLINES in the Asia-Pacific region continue to record solid growth in passenger and air freight demand for the month of August, on the back of a 14.9 per cent increase in the number of international passengers carried and a 32.1 per cent rebound in the volume of international air cargo for the first eight months of the year.

Preliminary figures released by the Association of Asia Pacific Airlines (AAPA) showed that Asia-Pacific-based airlines carried a total of 16.8 million international passengers in August, reflecting a 12.4 per cent increase compared to the same month last year.

International passenger traffic grew by a slightly more conservative 8.4 per cent in revenue passenger kilometre, indicating particularly strong demand on regional short-haul routes. International air cargo traffic also registered 25 per cent growth compared to the same month last year.

Andrew Herdman, AAPA's director general, said: "The outlook for the remainder of the year remains broadly positive, although reported growth rates are expected to stabilise as the recovery phase is completed."

An earlier forecast by the International Air Transport Association (IATA) also predicted that growth would slow (TTG Asia e-Daily, September 21). IATA expects the world's airlines to post profits of US$5.3 billion in 2011, down from US$8.9 billion this year, with Asia-Pacific leading the growth.

Copyright 2010 © TTG Asia Media Pte Ltd

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