Asia-Pacific carriers' traffic up 5% in 2013

Singapore
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Asia-Pacific carriers posted a 5.2% growth in passenger traffic for 2013, as measured in RPKs, compared with the previous year.

The number of international passengers carried by airlines in the region grew by 6% to 219 million, says the Association of Asia Pacific Airlines (AAPA) in a statement.

Capacity, as measured in ASKs, rose by 4.8%, while the international passenger load factor grew by a marginal 0.3 percentage points to 78.2%.

On the cargo front, the carriers’ freight tonne kilometres declined 0.6%, while capacity grew by 1.1%. This led to a decline of 1.1 percentage points in freight load factor to 65.4%.

“Given expectations of a continuing modest improvement in global economic conditions, the outlook for Asian carriers remains broadly positive. Nevertheless, operating margins remain compressed as a result of weak cargo revenues and other competitive pricing pressures,” says AAPA’s director general Andrew Herdman.