MALAYSIA: Strong March growth for Asia Pacific carriers
Preliminary figures released by the Association of Asia Pacific Airlines (AAPA) indicate that both air cargo and passenger markets continued to show further gains in March as a result of the regionÃ¢â‚¬™s dynamic economic recovery. Underpinned by a surprisingly robust recovery in international trade, air cargo demand, as measured in freight tonne kilometres, recorded a […]
May 1, 2010
By PLA Editor
Underpinned by a surprisingly robust recovery in international trade, air cargo demand, as measured in freight tonne kilometres, recorded a 33.1 per cent increase in March compared to the slump last year. Freight capacity grew by a more restrained 12.6 per cent. As a result, the average international air cargo load factor for Asia Pacific carriers jumped 11.3 percentage points to reach 73.1 per cent.
Overall these same carriers transported 15.6 million international passengers in March, a growth of 14.8 per cent compared to the same month last year. International passenger traffic, measured in revenue passenger kilometres, rose by 14.2 per cent while available seat capacity grew by a relatively modest 2 per cent. As a result, the average passenger load factor reached a new high of 80.1 per cent, 8.6 percentage points above the levels seen one year ago.
Ã¢â‚¬Å“These figures provide further confirmation that the global economic recovery is well underway, led by quicker growth in leading Asia Pacific economies, but also accompanied by welcome signs of a pickup in both business and consumer confidence in major developed markets,Ã¢â‚¬Â said AAPA director general Andrew Herdman.