June 2024 saw a 21% rise in international passengers for Asia Pacific airlines, nearing pre-pandemic levels, driven by peak travel demand.

KUALA LUMPUR, MALAYSIA – Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed robust growth in international air passenger markets, fuelled by healthy demand for air travel approaching the peak summer holiday season.

Overall, Asia Pacific airlines recorded a 21.0% year-on-year increase in the number of international passengers carried to a combined total of 28.9 million in June, with traffic volumes averaging 90.2% of the corresponding month in 2019. Correspondingly, demand in revenue passenger kilometres (RPK) grew by 23.8% year-on-year, almost matching the 24.0% expansion in available seat capacity. As a result, the international passenger load factor edged 0.2 percentage points lower to average 82.2% in June.

Commenting on the results, Mr. Subhas Menon, AAPA Director General said, “Asian airlines are seeing robust traffic growth, in tandem with expansion in global economic activity and improvements to connectivity within the region and globally. In summary, during the first half of the year, the region’s airlines carried a combined total of 173 million international passengers, a 40% increase compared to the same period last year.”

Looking ahead, Mr. Menon said, “International air passenger markets are poised for further growth in the latter half of the year, driven by sustained positive momentum in the global economy, despite some uncertainties in the geopolitical landscape. Increased services to new and existing destinations will further boost travel demand, with traffic volumes expected to recover to pre-pandemic levels by the end of the year. Meanwhile, the region’s carriers remain focused on safe and sustainable operations, whilst maintaining cost efficiency.”

George Diamantopoulos

George, in his capacity as an intern, diligently oversees the flow of news, assists in the publication of content, and delves into the strategies of social media distribution. He is currently pursuing his studies in Business Administration at the Athens University of Economics and Business.

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