AAPA Boost Earnings in 2023

Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) revealed a strong rebound in the earnings of Asia Pacific airlines in 2023, following three consecutive years of losses. Combined net earnings totaled a solid US$8.8 billion for the calendar year, on the back of healthy travel demand in both leisure and business sectors regionally and worldwide.

The lifting of the final remaining pandemic-induced travel restrictions facilitated the resurgence of travel demand in 2023, leading to a 130.7% increase in international passenger traffic as measured in revenue passenger kilometres (RPK). Conversely, international air cargo demand, measured in read more ⇒

Source:: AirlineRatings.Com

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