{"id":682239,"date":"2024-10-30T01:14:50","date_gmt":"2024-10-29T19:44:50","guid":{"rendered":"https:\/\/www.travelandtourworld.com\/?p=682239"},"modified":"2024-10-30T01:14:56","modified_gmt":"2024-10-29T19:44:56","slug":"asia-pacific-airlines-reach-new-heights-with-29-2-million-passengers-recorded-in-september","status":"publish","type":"post","link":"https:\/\/www.travelandtourworld.com\/news\/article\/asia-pacific-airlines-reach-new-heights-with-29-2-million-passengers-recorded-in-september\/","title":{"rendered":"Asia Pacific Airlines Reach New Heights with 29.2 Million Passengers Recorded in September","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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In September 2024, the Association of Asia Pacific Airlines (AAPA) reported substantial growth in both international passenger and cargo traffic, fueled by strong consumer and business demand across the region. AAPA\u2019s latest data reveals an impressive 18.8% year-over-year increase in international passenger numbers, reaching a total of 29.2 million travelers for the month. This figure represents an encouraging recovery, with traffic volumes at 97.5% of the pre-pandemic levels from September 2019. Revenue passenger kilometers (RPKs), a key metric for passenger demand, rose by 19.3% year-over-year, highlighting the continued popularity of long-haul travel routes. Meanwhile, international passenger load factors improved slightly, rising 0.4 percentage points to 80.5% amid an 18.7% growth in available seat capacity.<\/p>\n\n\n\n

The air cargo sector also demonstrated resilience despite ongoing challenges in global manufacturing. September saw international air cargo demand, measured in freight tonne kilometers (FTK), increase by 8.9% compared to the previous year. This demand coincided with a 9.4% rise in available freight capacity. As a result, the average international freight load factor experienced a minor decrease, edging down by 0.3 percentage points to settle at 60.2%. This performance underscores the stability of cargo demand as the region approaches the end-of-year festive season.<\/p>\n\n\n\n

These figures reflect a positive trajectory for Asia-Pacific airlines, driven by a steady return of long-haul travelers and a resilient cargo market.<\/p>\n\n\n\n

Commenting on the results, Mr. Subhas Menon, AAPA Director General said,<\/strong> \u201cAsian
airlines have seen robust growth in travel markets this year. Leisure demand remained
buoyant, driving increases in tourist arrivals across the region. Meanwhile, business travel
was underpinned by the region\u2019s growing economies.<\/p>\n\n\n\n

Mr. Menon added,<\/strong> \u201cAir cargo markets continued to expand, driven by the increases in
export volumes from key manufacturing economies in Asia, including China, India, Japan
and South Korea.\u201d<\/p>\n\n\n\n

\u201cOverall, during the first nine months of the year, the number of international passengers
carried by Asia Pacific airlines rose by 34% to an aggregate total of 269 million, while
international air cargo demand registered a 14% increase compared to the same period
last year.\u201d<\/p>\n\n\n\n

Looking ahead, Mr. Menon said<\/strong>, \u201cThe global economy1 is expected to grow by 3.2% this
year and in 2025, supporting expansion in both travel and air cargo markets. However, this
may be undermined by uncertainties stemming from increasing geopolitical risks and rising
trade protectionism. Although the overall decline in jet fuel prices this year has helped to
moderate rising costs, airlines continue to face challenges in fleet renewal and network
growth, due to ongoing supply chain disruptions and aircraft delivery delays.\u201d<\/p>\n\n\n\n

TRAFFIC UPDATE \u2013 PRELIMINARY<\/strong><\/p>\n\n\n\n

Metric<\/th>Sep-24<\/th>Sep-23<\/th>% Change<\/th>Jan-Sep 2024<\/th>Jan-Sep 2023<\/th>% Change (Jan-Sep)<\/th><\/tr><\/thead>
Passengers (Thousand)<\/td>29,246<\/td>24,612<\/td>+18.8%<\/td>269,050<\/td>200,797<\/td>+34.0%<\/td><\/tr>
RPK (Million)<\/td>105,813<\/td>88,724<\/td>+19.3%<\/td>935,591<\/td>715,768<\/td>+30.7%<\/td><\/tr>
ASK (Million)<\/td>131,471<\/td>110,715<\/td>+18.7%<\/td>1,147,490<\/td>881,638<\/td>+30.2%<\/td><\/tr>
Passenger Load Factor<\/td>80.5%<\/td>80.1%<\/td>+0.4 pp<\/td>81.5%<\/td>81.2%<\/td>+0.3 pp<\/td><\/tr>
FTK (Million)<\/td>6,075<\/td>5,578<\/td>+8.9%<\/td>53,600<\/td>46,854<\/td>+14.4%<\/td><\/tr>
FATK (Million)<\/td>10,091<\/td>9,225<\/td>+9.4%<\/td>88,803<\/td>77,334<\/td>+14.8%<\/td><\/tr>
Freight Load Factor<\/td>60.2%<\/td>60.5%<\/td>-0.3 pp<\/td>60.4%<\/td>60.6%<\/td>-0.2 pp<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

In September 2024, the Association of Asia Pacific Airlines (AAPA) reported substantial growth in both international passenger and cargo traffic<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9192218,"featured_media":682263,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,24],"tags":[27,183025,11447,89423],"class_list":["post-682239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airline-news","category-travel-news","tag-airline-news","tag-asia-pacific-airlines-2","tag-aviation-industry","tag-travel-news"],"aioseo_notices":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/posts\/682239"}],"collection":[{"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/users\/9192218"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/comments?post=682239"}],"version-history":[{"count":1,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/posts\/682239\/revisions"}],"predecessor-version":[{"id":682265,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/posts\/682239\/revisions\/682265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/media\/682263"}],"wp:attachment":[{"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/media?parent=682239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/categories?post=682239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelandtourworld.com\/wp-json\/wp\/v2\/tags?post=682239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}