Home » Aviation, Breaking News » Asia-Pacific airlines posted 3.3% cargo revenue drop in 2012
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Airlines in the Asia-Pacific region achieved modest growth in 2012, largely a result of strong passenger demand as cargo sales continued to contract, according to the latest statistics from the Association of Asia Pacific Airlines (AAPA).

Regional airlines saw US$5.2 billion in combined net profits in 2012, up 6.7 percent from the $4.8 billion reported for 2011.

“Sustained growth in passenger markets helped mitigate a challenging operating environment marked by prolonged weakness in air cargo markets and persistently high jet fuel prices,” AAPA said in a statement.

Combined operating revenue in 2012 for the region’s carriers grew by 7.6 percent to reach $175 billion from $162.7 billion in 2011.

Passenger revenues improved to $133.5 billion for an 8.5 percent growth in demand in both business and leisure travel markets, particularly in the Asia-Pacific region.

Cargo revenues declined by 3.3 percent to $21.1 billion.

“Asia Pacific airlines in general recorded a modest improvement in their overall financial performance for 2012,” said Andrew Herdman, AAPA director general, as he forecast that growth this year will mostly still come from the passenger side.

 

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