Outlook bleak on recession fears - AAPA
“Slowing economic growth is having a very serious impact on travel demand” – that is the verdict from the Association of Asia Pacific Airlines (AAPA), reviewing the latest set of weak traffic data for Jul-08. Member airlines carried 12.6 million international passengers in Jul-08, 0.6% fewer than in the same month last year, although traffic measured in RPK terms grew slightly, up 0.8%. Traffic data from the International Air Transport Association (IATA) for Asia Pacific airlines has been trending closely with the AAPA results and Jul-08 results are also expected to be weak.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.