AAPA int’l pax up 3% to 23.6m in May-2016, cargo traffic down 1%

Association of Asia Pacific Airlines (AAPA) reported (28-Jun-2016) the following international traffic highlights for its member airlines in May-2016:

• Passenger numbers: 23.6 million, +2.8% year-on-year;
• Passenger traffic: +4.5%;
• Capacity (ASKs): +5.8%;
• Passenger load factor: 75.4%, -0.9 ppt;
• Cargo traffic (FTKs): -0.7%;
• Cargo load factor: 61.3%, -1.6 ppts. [more - original PR]

AAPA: "The demand outlook for air passenger markets remains broadly positive, but the stimulus effect of low oil prices is dissipating, and uncertainty over the global economic outlook is further clouded by the potential repercussions from the political events unfolding in Europe. Even with the expectation of further growth in passenger demand, market conditions remain intensely competitive. Consequently, airlines are continuing to focus their attention on disciplined cost management efforts throughout the business." Source: Company statement, 28-Jun-2016.