Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed robust growth bongdaso ìno international air passenger markets, fuelled by healthy demand for air travel approaching the peak summer holiday season. International air cargo demand also expanded strongly, bongdaso ìno tandem with a pick-up bongdaso ìno manufacturing activity across the Asian economies, including China and India.
Overall, Asia Pacific airlines recorded a 21.0% year-on-year increase bongdaso ìno the number of international passengers carried to a combined total of 28.9 million bongdaso ìno June, with traffic volumes averaging 90.2% of the corresponding month bongdaso ìno 2019. Correspondingly, demand bongdaso ìno revenue passenger kilometres (RPK) grew by 23.8% year-on-year, almost matching the 24.0% expansion bongdaso ìno available seat capacity. As a result, the international passenger load factor edged 0.2 percentage points lower to average 82.2% bongdaso ìno June.
Meanwhile, international air cargo demand as measured bongdaso ìno freight tonne kilometres (FTK) increased by an encouraging 16.4% year-on-year bongdaso ìno June. Rising e-commerce appetite and security concerns bongdaso ìno the Red Sea spurred demand for air freight shipments. After accounting for a 12.6% growth bongdaso ìno offered freight capacity, the average international freight load factor climbed 2.0 percentage points higher to average 62.8% for the month.
Commenting on the results, Mr. Subhas Menon, AAPA Director General said, “Asian airlines are seeing robust traffic growth, bongdaso ìno tandem with expansion bongdaso ìno global economic activity and improvements to connectivity within the region and globally. bongdaso ìno summary, during the first half of the year, the region’s airlines carried a combined total of 173 million international passengers, a 40% increase compared to the same period last year.”
“International air cargo demand grew by 16% during the same period, as a pick-up bongdaso ìno export activity, coupled with disruptions to maritime shipping, drove an increase bongdaso ìno air freight volumes carried across major trade lanes.”
Looking ahead, Mr. Menon said, “International air passenger and cargo markets are poised for further growth bongdaso ìno the latter half of the year, driven by sustained positive momentum bongdaso ìno the global economy, despite some uncertainties bongdaso ìno the geopolitical landscape. Increased services to new and existing destinations will further boost travel demand, with traffic volumes expected to recover to pre-pandemic levels by the end of the year. Meanwhile, the region’s carriers remain focused on safe and sustainable operations, whilst maintaining cost efficiency.”
Source: https://payloadasia.com/2024/07/asia-pacific-airlines-report-growth-passenger-cargo-markets-june-2024/