On 19 August last week, Korean Air celebrated the 50th anniversary of its US operations with a recognition from the city of Los Angeles for its economic contributions. In 1972, the airline started by serving only Honolulu and Los Angeles. It now flies out of 13 gateways across North America with its headquarters in downtown Los Angeles. From the 43,800 passengers transported between the US and Seoul in 1972, the airline recorded over 3 million passengers in 2019 (pre-COVID). … [Read more...] about Korean Air celebrates 50 years of US operations
Asia Pacific airlines
IATA: $29 billion loss expected for Asia-Pacific airlines in 2020
Airlines in the Asia-Pacific region will be the hardest hit by the COVID-19 crisis, with losses expected to be $29 billion for 2020. This is more than a third of the $84.3 billion industry losses globally. The Asia-Pacific region was the first region to feel the brunt of the COVID-19 crisis. The region’s airlines will see passenger demand (measured in revenue passenger kilometers, RPK) collapse 53.8% this year, while capacity (in available seat kilometers, ASK) will be reduced by … [Read more...] about IATA: $29 billion loss expected for Asia-Pacific airlines in 2020
Association of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen
Preliminary April 2020 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger markets were battered by the effects of the COVID-19 pandemic. The rapid spread of the virus, resulting in border closures and travel restrictions across the world, forced an almost complete shutdown of international airline operations. Meanwhile, air cargo markets remained active but were affected by weakening demand, and disruptions to global supply chains, … [Read more...] about Association of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen
Asia Pacific Airlines traffic September 2019 results
Preliminary traffic figures for the month of September released today by the Association of Asia Pacific Airlines (AAPA) showed continued moderate growth in international air passenger numbers, whilst air cargo demand declined reflecting stagnant international trade activity. The region's airlines carried 29.1 million international passengers in September, an increase of 3.0% compared to the same month last year. Measured in revenue passenger kilometres (RPK), demand grew by 3.4% … [Read more...] about Asia Pacific Airlines traffic September 2019 results
Asia Pacific Airlines July 2019 traffic results
Preliminary traffic figures for the month of July released by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger demand continued to grow moderately, supported by business and leisure related travel. However, falling exports and a worsening trade outlook led to further weakness in air cargo markets. The number of international passengers carried by the region's airlines climbed 3.4% higher year-on-year to a combined 32.5 million, even as business … [Read more...] about Asia Pacific Airlines July 2019 traffic results
Asia Pacific Airlines Profitability Sustained in 2016
Preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA) revealed that Asia Pacific airlines registered US$6.9 billion in aggregate net earnings for the full year 2016. Solid growth in passenger demand, coupled with renewed strength in air cargo markets, helped negate yield pressures resulting from stiff competition, while the fall in jet fuel prices had an ameliorating effect on airline operating costs. During the year 2016, Asia Pacific … [Read more...] about Asia Pacific Airlines Profitability Sustained in 2016
