Asia Pacific-based airlines carried a total of 16.8 million international passengers in August, reflecting a 12.4% increase compared to the same month last year, says the Association of Asia Pacific Airlines (AAPA).
Capacity management saw seat capacity grow by 5.3%, which led to a 2.3 % improvement in the average passenger load factor to 81.2%.
International air cargo traffic as measured in freight ton km (FTK) registered 25% growth compared to the same month last year. Even with a 20.7% expansion in offered freight capacity, the average international cargo load factor increased by 2.4% to 68.9%.
“Strong demand for air travel and air cargo shipments in August provide further confirmation of the robustness of the ongoing economic recovery across the Asia Pacific region. Overall, for the first eight months of the year we have seen 14.9% growth in the number of international passengers carried, and an even more dramatic 32.1% rebound in the volume of international air cargo,” said Andrew Herdman, DG, AAPA.
“The surprisingly sharp V-shaped recovery, traffic levels for Asian carriers have now surpassed the high water marks set before the global recession. The combination of strong volume growth, disciplined capacity management, and an improving mix of business boosted by the recovery in corporate travel, have all helped to restore airline profitability,” added Herdman.