APAC airlines soar in 2015

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AIRLINES operating in the Asia-Pacific recorded a 7.9 per cent increase in international passenger traffic to 276.3 million people in 2015, according to preliminary figures by the Association of Asia Pacific Airlines (AAPA). This is an increase from the 4.9 per cent rise recorded in 2014.

Longhaul markets prospered on the back of improved economic conditions in selected advanced economies, while travel demand within Asia also grew solidly despite slowing economic growth and regional currency weaknesses.

Boosted by lower oil prices which resulted in more competitive fares, the average international passenger load factor jumped 1.4 percentage points to 78.4 per cent for the year.

“The outlook for air travel markets in 2016 remains broadly positive, although there are some significant risk factors to consider, including increased uncertainty over the regional economic outlook. Asian airlines are closely monitoring market developments, whilst continuing to invest in future growth opportunities,” said Andrew Herdman, director general, AAPA.

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