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In spite of the global macroeconomic headwinds and geopolitical instability, the aviation industry has maintained its consistent recovery providing a positive outlook for the year ahead, according to the ACI Asia-Pacific's Airport Industry Outlook, a quarterly assessment of the airports' performances.
There has been cautious sense of optimism for the aviation sector following the relaxation of travel restrictions and successful vaccination programmes in many parts of Asia-Pacific and the Middle East, according to the Airports Council International (ACI) Asia-Pacific’s Industry Outlook.
Asia-Pacific and the Middle East aviation industry is experiencing green shoots of recovery, according to the first edition of the Airport Industry Outlook, a quarterly report by Airports Council International Asia-Pacific (ACI APAC). The report, developed in partnership with Mott MacDonald — a global engineering, management and development consultancy— provides a snapshot of how airports in the region have performed during the first quarter of 2022 (Jan to March). This analysis also sheds light on two recurring themes which are currently impacting the industry — COVID-19 pandemic and the geo-political conflict.
On 16 May 2022, Airports Council International World (ACI World), Airports Council International Asia-Pacific (ACI Asia-Pacific) and the Civil Aviation Authority of Singapore (CAAS) signed a Memorandum of Understanding (MOU) to conduct research and studies and jointly develop and deliver training programmes for aviation professionals. The training programmes will equip aviation professionals with new knowledge and skills to help them rebuild their respective aviation sectors which have been badly hit by the COVID-19 pandemic in the last two years.
Asia-Pacific and Middle East airports will have to develop new greenfield airports and invest to modernize and expand existing airport infrastructure to meet future growth.
Slow and uncertain recovery path in Asia-Pacific and the Middle East with a diverse demand recovery pattern.
ACI Asia-Pacific today reiterated calls for globally consistent and harmonised testing protocols following the release of year-end figures showing higher than forecasted losses for the Asia-Pacific and Middle East airport sector.
ACI World’s updated economic impact assessment forecasts a year-end revenue loss of -59% for Asia-Pacific airports and -53% for Middle East airports.
ACI Asia-Pacific released preliminary traffic data from 18 airports in major aviation markets in Asia-Pacific and the Middle East showing year-over-year passenger traffic decline hit -95% by the middle of April. Initial signals of recovery were reported from China with a gradual resumption of its domestic traffic and, to a lesser extent, from South Korea.
ACI Asia-Pacific is urging governments across the Asia-Pacific and Middle East region to swiftly implement relief measures to safeguard airport employment and connectivity.
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