EconomyForex

Asia-Pacific airline traffic recovery seen to accelerate as rules ease

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MARK OLSEN-UNSPLASH

SYDNEY — Passenger airline traffic in the Asia-Pacific region should recover to around 73% of 2019 levels by year-end as travel restrictions relax, up from 53% in August, the Asia-Pacific head of airline industry group IATA said on Tuesday.

“There is no mistaking I think the momentum is very strong especially with all major markets in the Asia-Pacific now open except for China,” IATA Regional Vice President, Asia Pacific, Philip Goh told reporters on a webinar.

Asia’s aviation recovery has lagged other parts of the world in large part because of China’s ongoing border closures that have kept its international passenger numbers averaging only 2% to 3% of pre-pandemic levels, according to IATA data.

The year-end traffic estimate is based on China opening its borders soon, though the actual date remains unclear, Mr. Goh said.

In positive news for airlines, Japan resumed visa-free travel for tourists on Tuesday, Taiwan will end quarantine for arrivals on Thursday and Hong Kong stopped quarantine last month.

International passenger traffic in the region was at 35% of 2019 levels in August, according to IATA, which estimates it will take until 2025 to reach pre-pandemic levels. — Reuters

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