Asia Pacific airlines see 500% jump in international demand

Bloomberg

Airlines in the Asia Pacific region flew 13.4 million passengers internationally in November, compared with just 1.8 million in the same month a year earlier, according to preliminary data from their trade association.
Revenue passenger kilometers, which measures demand, surged nearly 500%, far ahead of the 187% growth in seat capacity. That resulted in a 40 percentage point jump in load factor — or how many seats are filled in a plane — to 77.4%, close to pre-pandemic levels, the Association of Asia Pacific Airlines (AAPA) said in a statement.
Leisure and business travel have both experienced a strong revival following the lifting of travel restrictions, AAPA said. Air cargo demand softened, however, due to continued weakness in global manufacturing and business confidence, and as costs remained high. Average international freight load factor slid 9.3 percentage points from a year
earlier to 63.9% in November.
“The first 11 months of the year saw a near six-fold jump in the combined number of international passengers carried to an aggregate total of 87.5 million,” AAPA Director General Subhas Menon said in the statement. “Nevertheless, in November, demand averaged only 43% of 2019 levels, indicating significant progress still required towards full recovery.”