Asia Pacific Airlines Association

Preliminary traffic figures for the month of September released today by the Association of Asia Pacific Airlines (AAPA) showed continued moderate growth in international air passenger numbers, whilst air cargo demand declined reflecting stagnant international trade activity.

The region’s airlines carried 29.1 million international passengers in September, an increase of 3.0% compared to the same month last year. Measured in revenue passenger kilometres (RPK), demand grew by 3.4% whilst available seat capacity expanded by 4.4%, leading to a 0.7 percentage point decline in the average international passenger load factor to 78.6% for the month.

Meanwhile, international air cargo traffic in freight tonne kilometres terms (FTK) fell by 6.5% year-on-year in September on the back of continued weakness in external demand. Combined with the marginal 0.3% decline in offered freight capacity, the average international freight load factor dropped by 4.0 percentage points to 60.4% for the month.

Commenting on the results, Mr. Andrew Herdman, AAPA Director General said, “During the first nine months of the year, Asian airlines in aggregate carried 281 million international passengers, 4.3% more than the same period last year. The moderation in growth, compared to the higher rates sustained over recent years, reflects an increasingly challenging economic environment.”

“Meanwhile, unresolved trade frictions have undermined business confidence and disrupted global supply chains. Asian airlines saw overall demand for air cargo fall by 5.8% during the first nine months of the year, with the outlook remaining subdued in the near term.”

Looking ahead, Mr. Herdman said, “Operating conditions are challenging for Asian carriers, which face intense competitive pressures against a backdrop of moderating economic sentiment. Nevertheless, airlines are carefully managing capacity expansion, exercising cost discipline, and streamlining operations in a bid to maintain profitability.”

TRAFFIC UPDATE – PRELIMINARY

International Scheduled Services of Asia Pacific Airlines

International

Sep-19

Sep-18

% Change

Jan-Sep 2019

Jan-Sep 2018

% Change

Passengers (Thousand)

29,101

28,241

+ 3.0%

280,727

269,213

+ 4.3%

RPK (Million)

110,363

106,710

+ 3.4%

1,036,347

994,724

+ 4.2%

ASK (Million)

140,472

134,535

+ 4.4%

1,279,083

1,229,404

+ 4.0%

Passenger Load Factor

78.6%

79.3%

– 0.7 pp

81.0%

80.9%

+ 0.1 pp

FTK (Million)

5,921

6,333

– 6.5%

52,281

55,479

– 5.8%

FATK (Million)

9,809

9,839

– 0.3%

89,081

87,868

+ 1.4%

Freight Load Factor

60.4%

64.4%

– 4.0 pp

58.7%

63.1%

– 4.4 pp

Effective January 2019, the dataset comprises aggregated traffic data from the following 39 Asia Pacific based carriers: 3K,

5J, 6E, 9C, 9W, AI, AK, BI, BR, CA, CI, CK, CX, CZ, D7, GA, HO, HU, IX, JL, JQ, KA, KC, KE, KZ, MH, MU, NH, NZ, OZ, PG, PR, QF, SG, SQ, TG, TR, VA and VN.

• Previous year data adjusted for comparison purposes

• RPK = revenue passenger kilometres

• ASK = available seat kilometres

• FTK = freight tonne kilometres

• FATK = available freight tonne kilometres

• All figures, including estimates for missing data, are provisional

Logos, product and company names mentioned are the property of their respective owners.

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