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China outstrips world as largest air market
By Winny Wang |
February 1, 2010, Monday
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Online Edition
Online Edition
CHINA led the Asia Pacific to outpace North America to become the world's largest aviation market last year, an industry report said today.
Air passenger traffic within Asia Pacific reached 647 million last year, outstripping North America's 638 million passengers, the International Air Transport Association said yesterday.
An additional 217 million travelers are expected to take to the skies within Asia Pacific by 2013, the report said.
The global aviation industry is expected to reduce losses from US$11 billion in 2009 to US$5.6 billion in 2010. The loss reduction is being led by Asia-Pacific's carriers who are expected to see their losses shrink from US$3.4 billion in 2009 to US$700 million in 2010, said the report.
"Asia-Pacific's prospects are improving faster than other regions," said Giovanni Bisignani, IATA's chief executive officer.
As the biggest aviation market in the region, China flew into the black with a net profit of 12.2 billion yuan (US$1.79 billion) last year.
The country has 1,400 aircraft compared to the second-biggest fleet in Japan of 540. China's domestic market of 5.7 million weekly seats more than doubled Japan's 2.6 million and its 1.4 million weekly international market seats are larger than Japan's 1.3 million, the report said.
Air passenger traffic within Asia Pacific reached 647 million last year, outstripping North America's 638 million passengers, the International Air Transport Association said yesterday.
An additional 217 million travelers are expected to take to the skies within Asia Pacific by 2013, the report said.
The global aviation industry is expected to reduce losses from US$11 billion in 2009 to US$5.6 billion in 2010. The loss reduction is being led by Asia-Pacific's carriers who are expected to see their losses shrink from US$3.4 billion in 2009 to US$700 million in 2010, said the report.
"Asia-Pacific's prospects are improving faster than other regions," said Giovanni Bisignani, IATA's chief executive officer.
As the biggest aviation market in the region, China flew into the black with a net profit of 12.2 billion yuan (US$1.79 billion) last year.
The country has 1,400 aircraft compared to the second-biggest fleet in Japan of 540. China's domestic market of 5.7 million weekly seats more than doubled Japan's 2.6 million and its 1.4 million weekly international market seats are larger than Japan's 1.3 million, the report said.
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