CNA spoke to the chiefs of Japan Airlines, Emirates Airlines, Air New Zealand, Thai Airways, and SriLankan Airlines, at the International Air Transport Association (IATA) annual summit in Istanbul this week.
Domestic travel has fully recovered, while international traffic is catching up, with carriers in the Asia Pacific region leading the recovery, data from the International Air Transport Association showed.
Premium air travel is also increasingly popular, with several airlines scrambling to fill the gap in the market with more luxurious offerings.While tourists are flocking back to Japan, JAL’s outbound traffic remains relatively weak at only about 50 per cent of pre-pandemic levels.The market between Japan and mainland China is still depressed, with JAL’s flight frequencies along this route operating at less than half, compared to before the pandemic.
Operating capacity is not yet back to pre-pandemic levels, with about 16 to 20 of the carrier’s Airbus A380s still grounded and undergoing technical remediation.Like Emirates, many Asian carriers are also facing the same issue of trying to get capacity back up to pre-pandemic numbers, said Mr Clark, citing Singapore Airlines, Cathay Pacific, and Malaysia Airlines.
The airline’s chief executive officer Greg Foran said that the travel industry is more robust than ever post-pandemic, and like most airlines, the Kiwi flag carrier is riding a wave of recovery. CEO Chai Eamsiri also flagged the possibility of relisting its shares on the stock exchange by the end of 2024.
Thailand expects international arrival to hit almost 30 million this year. Although the number is still lower than the 40 million in 2019, the airline currently does not have the ability to carry more passengers.
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