CAAC confirmed (24-Feb-2011) it has approved Myanmar Airways International’s plans to launch two times weekly Yangon-Guangzhou service in early Mar-2011 – see Route Changes Table for more information.
Myanmar Airways receives approval to launch Yangon-Guangzhou route
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Southeast Asia aviation outlook: passenger growth accelerates, led by Vietnam, Myanmar and Malaysia
Southeast Asia’s aviation market recorded healthy growth in 2016, with passenger traffic expanding faster than the global average across nearly every country in the region. Six of Southeast Asia’s 10 countries had growth in or near the double digits, led by Vietnam and Myanmar. Seven countries had growth equal to, or higher than, in 2015.
Southeast Asia should continue to experience rapid growth in 2017 and beyond. Vietnam and Myanmar will likely again lead the pack in 2017, joined by Malaysia. The Philippines should experience growth of approximately 10% for the third consecutive year, also putting it towards the top of the pack.
However, overcapacity remains a long term concern, pressuring yields and profitability. The average profit margin of the Southeast Asian airline sector significantly lagged the global average in 2016, and this trend will likely continue in 2017.
Myanmar aviation outlook: traffic growth exceeds 16% in 2016 but local airlines continue to struggle
Myanmar was again one of the fastest growing markets in Southeast Asia – and the world – in 2016. Domestic passenger numbers were up 15% in 2016 and have doubled since 2010, while international passenger numbers increased by 17% and have doubled since 2012.
Myanmar’s aviation market grew rapidly in the period from 2012 to 2014, in the immediate aftermath of liberalisation, but growth slowed in 2015. The reacceleration of growth in 2016 could be a result of further liberalisation and another surge in visitor numbers following the late 2015 election of a new government led by Aung San Suu Kyi.
However, Myanmar’s market continues to suffer from overcapacity and intense competition, which makes it nearly impossible for any of the 11 local airlines to become profitable. Foreign airlines dominate the international market and the domestic market is extremely fragmented, with several subscale competitors.