FILE PHOTO: Visitors look at models of Boeing aircrafts at the Aviation Expo China 2015, in Beijing, China, September 16, 2015. REUTERS/Jason Lee/File Photo
“All these efforts will help to mitigate several drags on profitability which are outside of airlines' control, namely persistent supply chain challenges, infrastructure deficiencies, onerous regulation and a rising tax burden," he said during IATA Media Global Day here. IATA noted that Asia Pacific is the largest market in terms of revenue passenger kilometres with China accounting for over 40 per cent of the region’s traffic.
For the longer term, Asia-Pacific International traffic is seen rising 5.6 per cent on average in 2023-2043, behind ASEAN's 6.1 per cent.
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