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Asia Pacific Aviation Industry Report, December 2020 From IATA

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The following is the Asia Pacific Aviation Industry Report, December 2020 From IATA recommended by recordtrend.com. And this article belongs to the classification: Tourism economy, Aviation Data.

India’s business confidence is down from its October peak due to the uncertainty brought about by covid19. After the relaxation of social restrictions in Jakarta, Indonesia’s business confidence has increased, and Japan’s production confidence has also improved.

The trade index fell 2.5% in November as investors hoped the vaccine would accelerate the global economic recovery.

Brent crude oil and aviation fuel prices also reflected positive news about the virus vaccine, up 2% and 4% respectively from October.

RPK (global airline revenue per kilometer) down nearly 62% year on year

With travel restrictions still in place, the international RPK has barely improved. All cross-border routes contracted by about 90% year on year.

Some domestic markets have improved slightly, including Japan. Japan’s RPK contraction fell sharply to – 45% in October. In Australia, despite the recent removal of some domestic travel restrictions, domestic RPK is still down 86% year on year. RPK of the whole industry decreased by 70.6% in October compared with the same period last year, which was improved from – 72.2% in September.

Asia Pacific’s passenger traffic has barely improved compared with last month.

Among the major markets in the region, Asia Africa routes continue to drive the recovery of international CTK (freight ton kilometer) in the region (with a year-on-year growth of 5.5% in October).

Industry wide CTK fell 6.2% year-on-year, down 7.8% in the previous month.

Despite the golden week holiday, air cargo volume in the Asia Pacific region has increased. Looking ahead, once vaccines are widely available, demand and revenue from air travel may increase. Until then, however, airlines will continue to lose money unless testing replaces isolation requirements.

Due to the small number of tickets sold in the pandemic crisis, the passenger yield data should be interpreted carefully.

Seat capacity continues to recover faster than RPK. As a result, the occupancy rate of the whole industry has reached a new low (60%). The total PLF of Asia Pacific Airlines is 69%, which is the highest in all regions.

In terms of freight, the load rate is still at a high level due to the lack of sustainability caused by the grounded passenger aircraft. Asia Pacific Airlines reported an 8% increase in CLF (cargo volume index) compared with the same period last year.

The negative impact of the pandemic on Airline Finance continues. December data showed that scheduled jet deliveries by Asia Pacific Airlines in 2020 were 50% lower than in 2019.

IATA: the profitability of the aviation industry will drop sharply in the first quarter of 2020 IATA: the number of jobs affected by the new epidemic will exceed 2.7 million in 2020 IATA: the net profit of the global aviation industry is expected to reach US $36.3 billion in 2016 IATA: the statistical report of the aviation industry in 2018 IATA: 25 million related jobs affected by the new epidemic IATA: the total revenue of the global airlines in 2017 will be US $754 billion US $IATA: direct sales of airlines are expected to rise from 33% to 45% in 2021 IATA: net profit of global aviation industry is expected to reach US $29.8 billion in 2017 OAG: new coronavirus hits China’s aviation industry, global GDP shrinks, how does aviation industry prepare for weak credit? IATA will become the main driving force of global air cargo industry in 2020

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