Overview

The Association of Asia Pacific Airlines (AAPA) released its preliminary November 2024 traffic figures for both passenger and cargo flights.

The November report indicates continued growth in both the international air passenger and cargo markets, driven by robust consumer and business demand.

Key Highlights

• Passenger Growth: Regional airlines collectively carried 31 million international passengers in November, marking a 19.8% increase compared to the previous year.
• Cargo Demand: Air cargo markets experienced healthy growth, highlighted by a 14% year-on-year increase in volumes for the first eleven months of the year.

Quotes from Subhas Menon

“Asia Pacific airlines have led growth in international travel markets this year, benefitting from strong demand for both business and leisure travel.” Translation: “Asia Pacific airlines have been at the forefront of growth in international travel markets this year, benefiting from high demand for both business and leisure travels.”

“Based on current trends, 2024 is anticipated to conclude positively for both passenger and cargo markets.” Translation: “According to current trends, 2024 is expected to end on a good note for both passenger and cargo markets.”