Asian load factors dip in August
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The average international load factors of airlines in the Asia Pacific region dipped 0.6 percentage points to 79.3% in August, according to the latest data from the Association of Asia Pacific Airlines (AAPA).
The region’s airlines carried a combined total of 17.0 million international passengers in August – 3.9% more than the same month last year. International passenger traffic, measured in revenue passenger kilometres (RPK), grew by 5.3%, but available seat capacity expanded 6.0%, resulting in the small drop in load factors.
Commenting on the results, AAPA Director General, Andrew Herdman said; “Passenger air travel demand is still quite strong, supported by continued growth in both business and leisure travel, but… airline margins are being pressured by high oil prices. Overall, Asia Pacific airlines are in a relatively favourable position, given many of the region’s economies are still reporting solid growth. However, the recent deterioration in the global economic outlook is cause for concern, and could potentially undermine both business and consumer confidence, leading to a more cautious view on medium term growth prospects.”
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