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Asia Pacific airlines’ international traffic up nearly eight percent in 2015
Wednesday, 29 Jan, 2016
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Regional airline industry group the Association of Asia Pacific Airlines released full year figures for 2015, showing growth in both passenger and cargo traffic.
For calendar year 2015, airlines in Asia Pacific carried 7.9% more international passengers for a total of 276.3 million, helped by cheaper fares due to lower oil prices.
Average international passenger load factor increased slightly to 78.4%.
Passenger traffic has shown steady growth throughout 2015, but cargo demand has been flat in recent months.
However it still edged up by 1.6% year on year.
"Asian regional travel demand grew solidly, despite slowing economic growth and regional currency weakness. Less optimistically, air cargo markets saw only marginal growth for the year 2015, a reflection of the slowdown in global trade," said AAPA director general Andrew Herdman.
"Asian airlines benefitted in 2015 from the robust growth in international passenger traffic, and significant fall in oil prices, but competitive market conditions continued to restrain margins. Airline profitability was also affected by currency volatility."
Looking ahead, Herdman said: "The outlook for air travel markets in 2016 remains broadly positive, although there are some significant risk factors to consider, including increased uncertainty over the regional economic outlook."
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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