Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman believes investors still have an "appetite" for share offerings by Asian airlines due to their track record of profitability. Asia Pacific airlines earned USD10 billion in 2010, the best result globally and IATA forecasts that the region will again have the strongest earnings in 2011, with profits of USD2.1 billion, more than half of total global industry earnings.
According to AAPA aviation, has been a key driver in economic and social development in the region and is expected to continue to grow. The continued expansion of aviation in the region will need to be financed, but successful operations and successful commercial results by local airlines have lent themselves towards IPO after two to three years of operations.
- Passenger numbers: 1.4 million, +4.0% year-on-year;
- Passenger load factor: 73.6%, -1.2 ppts;
- Cargo volume: +1.8%;
- Cargo load factor: 64.7%, -1.9 ppts;
- East Asia: 58.3%, -5.2 ppts;
- Americas: 67.1%, -0.7 ppt;
- Europe: 72.6%, -1.3 ppts;
- South West Pacific: 57%, +1.9 ppts;
- West Asia and Africa: 60.5%, -4.6 ppts.
Selected Asia-Pacific airline share price movements (% change): 15-Jun-2011
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