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The topic of rising airfare trends was one of the focal points of discussions among airport leaders during the Board Meeting of the Airports Council International Asia-Pacific & Middle East (ACI APAC & MID), hosted by Cambodia Airports, in Phnom Penh.
ACI Asia-Pacific today reiterated calls for globally consistent and harmonised testing protocols following the release of year-end figures showing higher than forecasted losses for the Asia-Pacific and Middle East airport sector.
ACI Asia-Pacific welcomes the implementation of a quarantine-free travel bubble between Hong Kong SAR and the Republic of Singapore. The arrangement, open to all types of travelers, is a much-needed progressive step towards recovery of the sector.
ACI Asia-Pacific released preliminary traffic data from 18 airports in major aviation markets in Asia-Pacific and the Middle East showing year-over-year passenger traffic decline hit -95% by the middle of April. Initial signals of recovery were reported from China with a gradual resumption of its domestic traffic and, to a lesser extent, from South Korea.
ACI Asia-Pacific warns the prolonged duration of the COVID-19 outbreak will significantly set back the region’s airports from previously forecasted growth prospects.
Asia-Pacific and Middle East airport revenues are under tremendous pressure two months into 2020 amidst the impact of the COVID-19 outbreak, despite moderate growth in 2019.
Passenger traffic was steady in Asia-Pacific and the Middle East during November 2019, compared to the same month of the previous year, at +2.4% and +6.6% respectively.
Passenger traffic in Asia-Pacific and the Middle East recorded growth in October at +1.1% and +5.2% respectively. China’s passenger traffic grew modestly in October, reflecting signs of easing especially in the domestic sector.
Passenger traffic in Asia-Pacific and the Middle East recorded growth in September at +2.0% and +2.2% respectively. In China, both the international and domestic sectors showed signs of improvements, likely benefiting from an increase in vacation travels during public holidays.
Passenger traffic in Asia-Pacific and the Middle East recorded growth in August at +1.6% and +1.7% respectively. The overall passenger traffic growth in China this month was negatively impacted by adverse weather conditions in eastern China and mass flight cancellations at many airports.
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