KUALA LUMPUR, 30 November 2021: Preliminary October 2021
traffic figures released at the weekend by the Association of Asia Pacific
Airlines (AAPA) revealed international air passenger demand remained
significantly depressed, with the impact from the recent easing of border
restrictions yet to be seen.

By contrast, air cargo markets were robust, benefitting from
sustained global demand and capacity shortages.

In aggregate, only 1.2 million international passengers
travelled on the region’s carriers in October, 3.9% of the 31 million
passengers recorded in the same month of 2019.

Measured in revenue passenger kilometres (RPK),
international passenger demand was 5.6% of pre-pandemic levels, while available
seat capacity averaged 14.4% of the corresponding month in 2019. As a result,
the international passenger load factor was a lowly 30.9% for the month.

On the other hand, Asia Pacific airlines recorded another
month of vigorous growth in international air cargo demand in October, as
reflected in the 22.3% year-on-year increase in freight tonne-kilometre (FTK)
terms. Offered freight capacity expanded by a significant 20.0% year-on-year,
albeit at a relatively slower pace than the growth in demand, leading to an
elevated average international freight load factor of 74.2% for the month.

Commenting on the results, AAPA director general Subhas
Menon said: “Whilst October continued to be an extremely challenging month for
international travel markets, solid orders for consumer goods and industrial
components buoyed air cargo demand, especially as retailers sought to increase
stock levels ahead of the year-end holiday season and major shopping events. In
addition, supply chain congestion at some shipping hubs boosted demand for air
shipments.”

Menon noted: “While the gradual reopening of borders by
governments is a welcome move, what is sorely needed is the harmonisation of
travel policies and health protocols, including measures related to testing,
vaccination recognition and digital verification. This will reduce complexity
and confusion amongst passengers and carriers, which will, in turn, help boost
confidence in the travel process.”

He concluded: “In order for air travel recovery to be
sustained over the coming year, we urge more governments to collaborate across
borders on travel measures and health-related protocols, in line with ICAO and
WHO guidelines, so that air travel is once again accessible to the wider
public.”