Asian airlines face USD1.1 billion net losses in 2009

2009 is not shaping as a happy New Year. The gloom that descended on the industry in the second half of 2008 is expected to extend well into 2009, as the global economic downturn shows no signs of bottoming out. [960 words]

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This report contains the following subheadings:

• Asian air cargo markets shattered by global economic downturn
• Passenger revenues to come under pressure
• Asian airlines will be cutting capacity and capex in 2009 - AAPA
• Conclusion: Airlines back in intensive care in 2009

This report contains the following charts and tables:

• IATA international cargo traffic (FTK) growth (% year-on-year) by region: Nov-08 vs YTD 11 months
• IATA international passenger traffic (RPK) growth (% year-on-year) by region: Nov-08 vs YTD 11 months
• IATA international passenger traffic (RPKs) growth (% change year-on-year): Dec-07 to Nov-08
• Asia Pacific vs Industry international passenger traffic (RPKs) growth (% change year-on-year): Dec-07 to Nov-08
• Asia Pacific vs Industry international passenger capacity (ASKs) growth (% change year-on-year): Dec-07 to Nov-08
• Asia Pacific vs Industry international passenger load factor: Dec-07 to Nov-08
• AAPA international passenger numbers growth (% year-on-year) and passenger load factor: Dec-07 to Nov-08
• AAPA international passenger traffic growth (% year-on-year) and passenger capacity growth (% year-on-year): Dec-07 to Nov-08
• AAPA international freight traffic growth (% year-on-year) and freight capacity growth (% year-on-year): Dec-07 to Nov-08