Thursday, June 27, 2024 In May 2024, the Association of Asia Pacific Airlines reported significant growth in international air passenger demand and cargo markets, driven by global economic activity. The Association of Asia Pacific Airlines (AAPA) unveiled May 2024 traffic figures today, indicating robust growth in both international air passenger demand and air cargo markets, aligned with increased global economic activity. In May, airlines in the region collectively transported 27.
9 million international passengers, marking a 23.9% rise compared to the same month last year. Passenger traffic reached 89.
4% of 2019 levels. Demand, measured in revenue passenger kilometres (RPK), rose by 27.4% year-on-year, showcasing the strength of long-haul travel markets.
With available seat capacity expanding by 26.4%, the average international passenger load factor slightly increased by 0.6 percentage points to 79.
0% for the month. Propelled by strong trade activity both regionally and globally, Asian airlines experienced a significant 17.9% year-on-year growth in international air cargo demand, measured in freight tonne kilometres (FTK).
The average international freight load factor improved by 1.4 percentage points to 61.4%, following a 15.
1% increase in offered freight capacity. Commenting on the results, Mr. Subhas Menon, AAPA Director General said , “In the first five months of the year, Asia Pacific airlines carried a total of 144 million international passengers, reflecting a 44.
8.