AAPA airlines reports 4% rise in Aug-2011 international pax, cargo falls

Association of Asia Pacific Airlines reported (26-Sep-2011) the following international traffic highlights for its member airlines in Aug-2011:

• Passenger numbers: 17.0 million, +3.9% year-on-year;
• Passenger load factor: 79.3%, -0.6 ppt;
• Cargo traffic (FTKs): -5.8%;
• Cargo load factor: 64.5%, -3.1 ppts. [more]

AAPA: "Passenger air travel demand is still quite strong, supported by continued growth in both business and leisure travel, but cargo markets remain weak. At the same time, airline margins are being pressured by high oil prices. Overall, Asia Pacific airlines are in a relatively favourable position, given many of the region's economies are still reporting solid growth. However, the recent deterioration in the global economic outlook is cause for concern, and could potentially undermine both business and consumer confidence, leading to a more cautious view on medium term growth prospects," Andrew Herdman, Director General. Source: AAPA, 26-Sep-2011.