AAPA: Asia Pacific airlines posted higher earnings in 2012

Association of Asia Pacific Airlines (AAPA) reported (11-Jun-2013) the following financial highlights for 2012:

• Operating revenue: USD175.0 billion, +7.6% year-on-year;
  • Passenger: USD133.5 billion, +8.5%;
  • Cargo: USD21.1 billion, -3.3%;
• Operating costs: USD166.5 billion, +7.0%;
  • Fuel: USD58.8 billion, +12.2%;
• Net profit: USD5.2 billion, +6.7%;
• International passenger traffic: +5.8%;
• International cargo traffic: -3.4%. [more - original PR]

AAPA: "With consumer and business confidence both holding up relatively well in the Asia Pacific region, we are seeing further growth in passenger numbers this year. Overall, Asian airlines are expected to remain at the forefront in promoting further development of the global airline industry, with continued investments in fleet expansion and customer service innovation," Andrew Herdman, Director General. Source: Company statement, 11-Jun-2013.