Airlines in the Asia-Pacific region are experiencing a return to growth beyond pre-pandemic levels, despite lingering effects on supply chains due to COVID-19. Here are some key takeaways:
1. Sizable Aircraft Orders: Many airlines are locking in future growth by placing significant aircraft orders, even though they face challenges such as managing slippages in delivery timelines and manufacturing issues.
2. India looks internationally: All eyes are on India as it has rebounded past pre-Covid levels and is considered a bright spot of growth in the region. Indian carriers like Air India and IndiGo have made some of the largest aircraft orders.
3. Pivoting from China: While China remains an important market, airlines are pivoting their available capacity towards other key growth markets such as India due to slower recovery of Chinese tourists.
4. Chain reactions: The industry continues to face tight supply of aircraft, delivery delays, and supply chain issues; however, airline chiefs remain optimistic about weathering these challenges through careful planning and flexibility.
Access the exclusive article by Cirium below for the full analysis.
ACCESS THE FULL ARTICLE
