AAPA: Continued robust growth in passenger travel but weakness in cargo markets
Staff, 2023-01-14 15:06:48,
Preliminary November 2022 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed robust growth in international passenger markets, buoyed by ongoing strong revival in both leisure and business travel demand as a result of the progressive lifting of travel restrictions in the region.
A combined total of 13.4 million international passengers were carried by the region’s airlines in November, 7.6 times more than the 1.8 million recorded in the same month last year. In revenue passenger kilometres (RPK) terms, demand jumped 499.2 percent year-on-year, significantly outpacing the 187.1 percent expansion in available seat capacity. This led to a 40.3 percentage point jump in the average international passenger load factor to 77.4 percent for the month, close to levels achieved in pre-pandemic 2019.
By contrast, the air cargo business segment faced further weakness in demand conditions. Amid still elevated cost pressures, declining new export orders precipitated a steep 19.2 percent year-on-year decline in international air cargo demand, as measured in freight tonne kilometres (FTK) in November. Offered freight capacity fell by 7.6 percent year-on-year, leading to a 9.3 percentage point drop in the average international freight load factor to 63.9 percent for the month.
Subhas Menon, AAPA…
,
To read the original article from news.google.com, Click here
Private Internet Access gives you unparalleled access to thousands
of next-gen servers in over 83 countries and each US state. Your
VPN experience will always be fast, smooth, and reliable.
