Analysis for South Pacific

Soundbytes: your weekly travel and aviation industry insights

9 June, 2023

CTC – Corporate Travel Community each week brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.  

IATA: Airline financial performance in 2023 is beating expectations; USD9.8 bn net profit predicted

8 June, 2023

The International Air Transport Association (IATA) has announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Airline industry net profits are expected to reach USD9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of USD4.7 billion from Dec-2022.

Stronger profitability is supported by several positive developments, including China lifting COVID-19 restrictions earlier in the year than anticipated; cargo revenues remaining above pre-pandemic levels even though volumes have not; and on cost side, jet fuel prices, although still high, have moderated over the first half of the year.

Total revenues are expected to grow 9.7% year over year to USD803 billion. This is the first time that industry revenues will top the USD800 billion mark since 2019 (USD838 billion). Expense growth is expected to be contained to an 8.1% annual increase.

Around 4.35 billion people are expected to travel in 2023, which is closing in on the 4.54 billion who flew in 2019.

IATA: Domestic travel now recovered, upward international trends, but hurdles still remain

7 June, 2023

The International Air Transport Association (IATA), has brought leaders of the global aviation industry together in Istanbul, Türkiye, for the 79th IATA Annual General Meeting (AGM) and World Air Transport Summit. 

IATA has announced continued strong passenger traffic demand in Apr-2023. Total traffic in the month (measured in revenue passenger kilometers or RPKs) rose 45.8% compared to Apr-2022. Globally, traffic is now at 90.5% of pre-COVID levels. At 81.3%, industry load factor was only 1.8 percentage points below pre-pandemic level.  

Industry Intelligence – catch up on CAPA’s exclusive market insights

5 June, 2023

Each week, CAPA – Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here’s some of the reports published over the past week.

Asia-Pacific international capacity still lags other regions – but is catching up

2 June, 2023

International airline capacity in the Asia-Pacific market is continuing its upward momentum as it gradually closes the gap with the other major global regions that recovered sooner.

Asia-Pacific international seat capacity is still well below pre-pandemic levels, but is nevertheless rising during its rebound year. While the increase is significant, it would no doubt have been steeper without some of the growth constraints confronting the airline industry.

Demand has roared back, and many airlines have struggled to keep pace in terms of seat supply as they seek to return the remainder of their parked aircraft to service and obtain additional aircraft. Supply chain bottlenecks have not helped the situation either.

But overall the trend is encouraging, and the data points from CAPA and OAG in this analysis provide a snapshot of the recovery dynamics in the Asia-Pacific region.

Industry Intelligence – catch up on CAPA’s exclusive market insights

22 May, 2023

Each week, CAPA – Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here’s some of the reports published over the past week.

Industry Intelligence – catch up on CAPA’s exclusive market insights

24 April, 2023

Each week, CAPA – Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here’s some of the reports published over the past week.

Your weekly travel and aviation Quote-a

21 April, 2023

CTC – Corporate Travel Community each week brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.

Top 10 Asia Pacific airlines have almost 2500 aircraft on order between them

19 April, 2023

Asia Pacific airlines have a collective 4,440 commercial aircraft on order.

Of this, just short of 2500 are concentrated on the books of 10 airlines.

The majority of these are for narrowbodies, with particularly large backlogs in place with short-haul operators in Southeast Asia and South Asia.

Industry Intelligence – catch up on CAPA’s exclusive market insights

17 April, 2023

Each week, CAPA – Centre for Aviation produces informative, thought provoking and detailed market analysis of the aviation industry. With supporting data included in every analysis, CAPA provides unrivalled and unparalleled intelligence.

Here’s some of the reports published over the past week.

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