Association of Asia Pacific Airlines releases August traffic results
The Association of Asia Pacific Airlines (AAPA) released its preliminary traffic figures for the month of August, showing growth in international air passenger demand and a solid expansion in international air cargo markets.
September 27, 2017
Commenting on the results, Andrew Herdman, AAPA Director General said, “Asian airlines were encouraged by the continued expansion in both international air passenger and cargo markets, registering a 5.2% increase in the number of international air passengers carried to a combined total of 210 million for the first eight months of the year. During the same period, international air cargo markets saw a robust 10.6% increase in freight traffic carried by Asian airlines.”
He added, “The sustained growth in air traffic demand has clearly been positive for the sector. Nevertheless, against the backdrop of a challenging operating environment marked by highly competitive air fares and rising costs, Asian carriers are continuing to work hard to improve profitability, with considerable variations in individual airline performance, both globally and within the region.”
Looking ahead, Herdman continued, “Broad-based expansion in global economic output should help to sustain further growth in both air passenger and air cargo traffic demand in the upcoming months, and the longer term outlook remains broadly positive.”