Asia Pacific Airlines Carried 23.2 Million
International Passengers in June 2023
(28/07/23)
The latest traffic figures from the Association
of Asia Pacific Airlines (AAPA) show that the recovery in
international passenger markets remains robust, as travel demand
continued to grow despite inflationary pressures and the weakness
in regional currencies.
Asia Pacific airlines carried 23.2 million
international passengers in the month of June 2023, an 159.3%
year-on-year increase compared to the same month last year.
In terms of revenue passenger kilometres (RPK),
traffic surged by 131.1%, whilst seat capacity increased by
120.9%.
As such, the international passenger load factor
of 82.2% in June was 3.6 percentage points higher than the
corresponding month in 2022.
Overall passenger traffic averaged 72.5% of 2019
levels for the month, with demand climbing alongside the expansion
in flight frequencies and route networks.
Meanwhile, global trade activity was muted with
the ongoing declines in new export orders. The easing in container
shipping rates relative to air freight rates further discouraged
demand for air shipments.
Against this background, air cargo demand, as
measured in freight tonne kilometres (FTK), declined by 8.1%
year-on-year in June.
By comparison, offered capacity edged 0.7% higher,
leading to a 5.9 percentage point fall in the average
international freight load factor to 60.7% for the month.
“In the first half of the year, the number of
international passengers carried by Asian airlines quadrupled to a
combined total of 120 million, boosted by the upsurge in leisure
and business travel demand, as the region’s economies emerge
strongly from the pandemic. During the same period, the region’s
carriers posted a 10% decline in air cargo demand. A myriad of
factors, including a post-pandemic shift in spending from goods to
services and higher merchandise prices, weighed on global air
cargo markets,” said Mr. Subhas Menon, AAPA Director General. “The
outlook for air travel remains positive, buoyed by the ongoing
restoration of flights and networks. The travel and tourism sector
is rebounding strongly and contributing to the global economy.
Asian airlines, together with other aviation stakeholders, are
working together to ensure that air travellers have a smooth and
safe travel experience over the upcoming peak summer holiday
season.”
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