According to the latest traffic report for September 2015 unveiled by the Association of Asia Pacific Airlines (AAPA), the Airlines reported continuous demand growth in international passengers, despite weak conditions of air cargo market. It is seen from the report that Asia Pacific Airlines recorded 22 million passengers of international this year, which is 6 percent more compared to the last year, recorded in same September month. While the demand measured in terms of revenue passenger kilometres (RPK) increased by 7.4 percent, highly supporting both short-haul and long-haul routes. This is achieved due to the expansion of seat capacity by 6.2 percent, which in turn increased the international passenger load factor by 0.8 percent reaching a final value of 77.2 percent. Andrew Herdman was the director general of AAPA. He said that the overall passenger demand for international has reported good growth for the first nine months this year. Asia Pacific Airlines reported 8.3 percent increase in international passenger strength reaching a great total of 206.1 million. This growth made the leisure travel markets remain busy continuing the demand growth. It is seen the air cargo market weakened in recent months leading to world trade slowdown.
Due to the slowdown in world trade, the regional cargo service carriers reported 1.1 percent decline in air cargo demand, compared to previous years, recorded in the third quarter of 2015. While in the first half of the year, the regional carrier reported 4.5 percent hike in air cargo demand. Due to decline reported in the third quarter, the air cargo growth reported overall the year got shrink by 2.6 percent, compared to previous year records, recorded in the same period. Air cargo markets maintained same weakness along with good demand in terms of freight tonne kilometres (FTK), similar to the records of last year, taken in the same period. Asia Pacific Airlines reported 2.3 percent hike in freight capacity, by which there is 1.5 percent decline reported an average load factor of international freight services, reaching a final value of 62.7 percent for the whole September.
It is said by Herdman that the Asia Pacific Airlines have reported a challenging operative environment, despite the complicated effects of the market like reduced economic growth reported in the upcoming markets along with the rate volatility and many other factors influencing the operating environment. He continued that the continuous growth in travel demand and reduced oil prices are adding advantages for Asia Pacific Airlines, helping them to report good demand growth. In addition, these factors are helping the airlines to control the air fares in the affordable range. It is clear from the September month traffic report that Asia Pacific Airlines is showing a remarkable improvement in a widespread competitive market. Asia Pacific Airlines is expected to continue the growth in demand further throughout the year, reporting remarkable growth in profits as well. Despite weak market conditions, Asia Pacific Airlines reported noticeable demand growth in the month of September, which depicts the scope of continuous growth in future.