Asia-Pacific airlines carried 293 million passengers in 2016, up 6% over 2015, according to the Association of Asia Pacific Airlines (AAPA). Low oil prices earlier in the year, coupled with a highly competitive market and expanded travel networks, prompted Asia-Pacific carriers to slash airfares, boosting international passenger demand 6.6% year-over-year (YOY) to 1.1 trillion RPKs in 2016. International capacity was up 6.3% YOY to 1.4 trillion ASKs, creating an international passenger load ...

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