The Association of Asia Pacific Airlines (AAPA) announced that the annual Assembly of Presidents, initially scheduled to take place in Japan in November, will now be conducted virtually due to ongoing travel restrictions and blanket quarantine requirements in the region. Commenting on the decision, Subhas Menon, AAPA’s director general, “We had very much hoped that we could hold a physical meeting in Japan this year, but unfortunately circumstances do not allow for this to happen. Borders … [Read more...] about AAPA’s Assembly of Presidents to meet in virtual format
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Carriers saw more stable cargo demand in July: AAPA
Asia Pacific’s carriers saw stable demand for international air cargo in July, traffic figures from the Association of Asia Pacific Airlines (AAPA) revealed. July cargo traffic, in freight tonne kilometres (FTK), was down 16 percent from the levels seen last year. Meanwhile, average load factor was 10.4 percentage points higher at 69.7 percent for July, which AAPA attributed to the sharp reduction in bellyhold capacity as most passenger operations remain grounded. Compared to the … [Read more...] about Carriers saw more stable cargo demand in July: AAPA
SIA, trade associations welcome Singapore’s easing of border restrictions
Singapore announced it will relax border measures starting 1 September to allow general travel to and from Brunei and New Zealand, after taking into account low-risk countries where the virus situation is under control. Foreign visitors from both nations will be subject to a Covid-19 test upon arrival, in lieu of a stay-home notice (SHN), according to the Ministry of Health, whilst those travelling to the two countries will be subject to requirements imposed … [Read more...] about SIA, trade associations welcome Singapore’s easing of border restrictions
AAPA urges APAC states to lighten rules on international air travel
More than a month after guidance material was published on restarting international air travel by the International Civil Aviation Organisation (ICAO), the Association of Asia Pacific Airlines (AAPA) is urging governments to lighten “unduly onerous restrictions” to re-establish global connectivity with “evidence-based” measures to safeguard public health, wrote a press release. Widespread testing and contact tracing, wearing of masks and social distancing, which … [Read more...] about AAPA urges APAC states to lighten rules on international air travel
AAPA calls for standardised health guidelines to facilitate air travel measures to be consistent, pragmatic, and risk-managed
The COVID-19 pandemic has seriously affected global economic activity, including trade, tourism and employment levels. Indeed, the grounding of flights and drastic reduction in air links has wider detrimental effects on society and the economy. Aviation supports 65.5 million jobs around the world, with one job in the industry supporting 24 other jobs in the wider economy, but these livelihoods are now jeopardized due to the drastic plunge in travel demand. The United Nations World Tourism … [Read more...] about AAPA calls for standardised health guidelines to facilitate air travel measures to be consistent, pragmatic, and risk-managed
Asia Pacific Airline profitability declined in 2019
Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific airlines recorded US$3.8 billion in combined net earnings in 2019, a 25% decline compared to the US$5.1 billion reported in 2018. Profitability was impacted by intense competition adding downward pressure on yields, whilst air cargo demand was significantly affected by the escalation of trade disputes, including tit-for-tat trade tariffs between the US and … [Read more...] about Asia Pacific Airline profitability declined in 2019
