Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific carriers achieved US$7.3 billion in combined net profits in 2024, supported by strong growth in passenger traffic and a marked recovery in cargo volumes. Nevertheless, the region’s carriers faced a challenging operating environment due to ongoing supply chain constraints and rising operating costs. For the year, robust growth in business and leisure travel, both … [Read more...] about AAPA: Asia Pacific Airlines demonstrate financial resilience in 2024

While international air travel and cargo demand continue to rise in the Asia Pacific, an overhanging supply crisis threatens to stall the region’s growth as the largest air transport market in the world. According to the Association of Asia Pacific Airlines, demand for air services is strong, but growth has begun to moderate in 2025. Average load factors are at a record high of 83%, reflecting capacity constraints. “In 2025, over one-fifth of aircraft deliveries are expected to be delayed,” … [Read more...] about AAPA: Impaired supply chains thwarting aviation’s contribution to global growth

Leaders of Asia Pacific air carriers gathered in Brunei for the AAPA’s 68th Assembly of Presidents are buoyed by resiliently strong international air travel and cargo growth in 2024, which has resulted in the Asia Pacific region once again becoming the largest air transport market in the world. Themed ‘Future Proofing Asian Aviation,’ the Assembly will assess the industry’s recovery and the challenges to continued growth, including the ongoing supply chain issues affecting the timely delivery … [Read more...] about Asia Pacific Airlines gather in Brunei for annual meeting