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Profits at Asia-Pacific airlines declined in 2024 regional industry association reports
July 14th 2025
While down on a year-on-year basis, the collective profits recorded by Asia-Pacific airlines in 2024 highlighted their resilience amid rising operating costs and supply chain disruptions, the Association of Asia Pacific Airlines (AAPA) said. Read More » The regional airline lobby group’s analysis of the financial results of 27 Asia-Pacific based carriers showed they achieved a collective net profit of US$7.3 billion in calendar 2024, down 17% from a net profit of US$8.8 billion in 2023. On a more positive note, operating revenue increased 7.7% to US$213.9 billion. "2024 was a year of remarkable resilience for Asia-Pacific airlines, as they confronted multiple challenges while still achieving strong growth in passenger and cargo demand and record passenger load factors," AAPA director general, Subhas Menon, said. "The region’s carriers continue to face considerable headwinds, including elevated operating costs and supply chain disruptions. Geopolitical tensions may lead to renewed volatility in oil and currency markets and air cargo markets may soften further, as uncertainties about trade negotiations dampen demand for air shipments." Despite these challenges, Menon said air passenger demand was forecast to remain relatively resilient in the months ahead.
