AAPA highlights “healthy growth” in Asia Pacific air travel demand in February : Moodie Davitt Report

The Lunar New Yr holidays boosted robust air journey demand in Asia Pacific in February Picture supply: Hong Kong Worldwide Airport

ASIA PACIFIC. Preliminary site visitors figures launched in the present day by the Affiliation of Asia Pacific Airways (AAPA) reveal a pointy improve in worldwide air passenger numbers in February.

The advance in passenger markets was attributed to the rise of leisure journey through the Lunar New Yr interval.

AAPA famous that carriers in Asia Pacific noticed a complete of 27 million worldwide passengers final month, up by +56.7% from the 17.3 million registered in February 2023. Site visitors reached 89.2% of 2019 ranges.

Demand as measured in income passenger kilometres (RPK) surged by 54.4% 12 months on 12 months, pushed by the relative power of regional routes.

Obtainable seat capability grew by +53.1% from the identical month final 12 months, resulting in a marginal +0.7 share level improve within the common worldwide passenger load issue to +81.6% in February.

AAPA Director Basic Subhas Menon stated: “In the course of the first two months of the 12 months, Asian carriers noticed continued sturdy development in worldwide passenger markets, with 54 million passengers carried, a rise of +53% in contrast with the corresponding interval within the earlier 12 months.

AAPA famous a powerful year-on-year development in Asia Pacific air passenger demand in February; Supply: Affiliation of Asia Pacific Airways (click on to enlarge)

“The robust demand got here on the again of ongoing community growth by carriers, with load components at ranges seen earlier than the pandemic.”

Trying forward, Menon stated: “The upturn in international financial exercise and rise in enterprise confidence ranges augurs properly for air cargo markets within the coming months. Correspondingly, the demand outlook for worldwide journey is constructive based mostly on ahead reserving tendencies.

“The area’s carriers stay nimble and proactive in exploring new avenues of development, whereas on the similar time tackling quite a few challenges together with rising operational prices and stiff competitors.” ✈

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