The Association of Asia Pacific Airlines (AAPA) released preliminary figures for 2014 today, and the results showed healthy growth in international air passenger demand across the board.
A total of 256.1 million international passengers flew on the region’s carriers in 2014, representing an annual increase of 4.8 per cent from the previous year.
There was also an upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014.
AAPA director general Andrew Herdman, said that despite challenges, Asia Pacific airlines enjoyed a year of good growth in international passenger traffic in 2014.
“Passenger demand was healthy, underpinned by increasing numbers of middle income earners and further expansion in airline networks, which have all helped boost air travel within the region and beyond,” Mr Herdman said.
Looking ahead for 2015 Mr Herdman said that the outlook remains broadly positive.
“With sustained growth in the global economy continuing to drive air travel demand, and lower oil prices will also help to keep air travel affordable. However, airlines will need to closely monitor market movements, and align future capacity increases with the actual increase in demand, whilst seeking further operating efficiencies to restore margins to more sustainable levels.”