Asian Air Traffic Rebound Lifts Jet Demand

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Jet demand across the Asia Pacific for the full year is poised for recovery but still lags behind the rest of the world. Passenger traffic in 2022 is expected to jump by 22% from last year to 1.84 billion passengers after falling by 4% in 2021, according to ACI Asia-Pacific. That's less than half the 47% spike in global passenger traffic projected for this year and 45% below pre-pandemic levels in 2019. As a result, “China's tougher border measures and Japan's cautious approach towards relaxation of inbound travel restrictions could displace Asia-Pacific as the world's largest air passenger market for the year 2022,” ACI noted. With some Chinese cities emerging from lockdowns, the country's airline capacity jumped by 8.6% in the week ended Sep. 23 versus the prior week. But that's still 26% lower than the same week in 2019, according to data analysis firm OAG.

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