Strong growth for Asia Pacific airlines

Strong growth for Asia Pacific airlines
By admin

Airlines in Asia Pacific carried 17 million passengers in November, a rise of 8.4% on last year, but the weak cargo market continues to hold back overall revenue growth.

Latest figures from the Association of Asia Pacific Airlines (AAPA) showed strong demand for regional routes which helped drive up revenue passenger kilometres by almost 8%.

With capacity rising only 3.5%, loads climbed 3.1 percentage points to just under 77%.

AAPA director general Andrew Herdman said passenger numbers in the 11 months to November jumped 7.1%.

"Asian carriers have seen some very encouraging growth in passenger demand throughout 2012, but the weak air cargo market held back overall revenue growth," he said.

"On the cost side, high fuel prices kept up the pressure on already thin operating margins. Airlines responded by accelerating the deployment of newer more efficient aircraft and carefully managing capacity to match changing demand patterns."

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