Asia airline travel underpinned by 2023 forward bookings: Association of Asia Pacific Airlines – ET TravelWorld

Rate this post

Picture used for representational purposes only.

A rebound in Asian airline travel is “doing well” going into 2023 based on forward bookings, Subhas Menon, Director General of the Association of Asia Pacific Airlines (AAPA), said.Speaking on the sidelines of the group’s meeting in Bangkok, Menon told that airlines underestimating pent-up demand had led to higher ticket prices, though supply was catching up and airlines faced cost headwinds from oil prices and higher interest rates.

Travel in Asia-Pacific region recovered more slowly than other parts of the world because of prolonged border closures, though Hong Kong, Taiwan and Japan have recently reopened, leaving mainland China as the major outlier.


Total traffic in September 2022 rose 57 per cent compared to September 2021. International traffic climbed 122.2 per cent versus September 2021 whereas Domestic traffic was up 6.9 per cent compared to the year ago. All the markets reported strong growth, led by Asia-Pacific.

Despite that, some carriers like Singapore Airlines Ltd and Qantas Airways Ltd are reporting record levels of profitability and returning cash to shareholders based on strong pent-up demand and constrained supply, even though oil prices are high.

Many Asian airlines like Hong Kong’s Cathay Pacific Airways, Taiwan’s China Airlines Ltd and Korean Air Lines Co Ltd relied on cargo for the majority of their revenue during the depths of the pandemic because of the depressed passenger market.

However, the cargo market has weakened relative to last year amid global economic shocks from inflation, China’s zero-Covid policy and the war in Ukraine.

Leave a Comment

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

Please consider supporting us by disabling your ad blocker on our website