Asian Air Traffic Growth Slow
SINGAPORE, AFP

 

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Air traffic growth for Asia-Pacific airlines slowed in October, when they carried 10.9 million international passengers, up 3.6 percent from a year earlier, a regional industry group said Friday.


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In September, passenger numbers had risen 5.8 percent and were up 6.0 percent for the first 10 months of the year, the Association of Asia-Pacific Airlines (AAPA) said in a statement.



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Asia-Pacific airlines filled 72.7 percent of available seats in October, down two percentage point from last year.



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“In October we saw slower growth in travel demand,” said AAPA director-general Andrew Herdman.



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“The burden of high oil prices is clearly having an impact, both directly in terms of higher fuel bills, and indirectly in the form of slower global economic growth.”



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Oil prices stayed above US$60 a barrel in October after hitting an all-time high of US$70.85 on August 30 after Hurricane Katrina hammered the heart of US oil production in the Gulf of Mexico region.



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Prices have since fallen below US$60 but analysts are predicting another rally as the northern hemisphere winter drives up demand for heating oil in the United States and Western Europe – the world's biggest energy consumers.



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Cargo traffic measured in freight tonne kilometers increased 2.0 percent in October, with capacity keeping pace by rising 1.9 percent. Airlines filled 69.7 percent of available cargo space, unchanged from a year ago, AAPA said.



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AAPA is a trade association of 17 international airlines based in the region comprising Air New Zealand , All Nippon Airways, Asiana Airlines, Cathay Pacific Airways, China Airlines, Dragonair, EVA Air, Garuda Indonesia , Japan Airlines, Korean Air, Malaysia Airlines, Philippine Airlines, Qantas Airways, Royal Brunei Airlines, Singapore Airlines, Thai Airways International and Vietnam Airlines.