Asia-Pacific outlook ‘broadly positive’ even amid tepid demand: AAPA

The Association of Asia Pacific Airlines (AAPA) indicates a “broadly positive” outlook for the region's aviation industry despite passenger volume declines. In August, passenger numbers decreased by 0.6% compared to the previous year, reflecting ongoing challenges within the sector. International traffic demand remains “soft,” influenced by capacity reductions implemented to address rising fuel costs. Growth is anticipated to be “uneven” across various countries and territories throughout the Asia-Pacific area. AAPA’s assessment suggests continued recovery efforts will be crucial in navigating current market conditions.