July 11, 2025
Preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA) show that Asia Pacific carriers achieved US$7.3 billion in combined net profits in 2024, . Nevertheless, the region's carriers faced a challenging operating environment due to ongoing supply chain constraints and rising operating costs.
For the year, robust growth in business and leisure travel, both within the region and globally, resulted in a 19.9% increase in systemwide passenger demand, in revenue passenger kilometer (RPK) terms.
Meanwhile, a surge in e-commerce activity and disruptions to maritime shipping contributed to a solid 13.9% increase in international air cargo demand, as measured in freight tonne kilometres (FTK), following two consecutive years in decline.
Asia Pacific airlines recorded a 7.7% increase in operating revenue, reaching a combined total of US$213.9 billion in 2024, compared to US$198.6 billion in 2023.
Aggregated passenger revenue rose by 8.8% to US$170.4 billion, while cargo revenue climbed by 10.3% to US$23.2 billion. Robust traffic growth more than offset the impact of a 9.2% decline in passenger yields to 8.0 US cents per RPK, and a 3.2% decline in air cargo yields to 32.7 US cents per FTK.
Source: AAPA