FOXTROTS*

 

What’s working; what’s not. Airlines in Asia Pacific

Our summary of traffic results for the leading airlines in Asia Pacific, excerpts from the current editions of the Travel Business Analyst newsletter, over the first-half.

 

Seat sales at biggest FSAs (full-service-airlines) in Asia Pacific (whole-group results for all), in alphabetical order: Air China +9%; Cathay +2%; China Eastern +9% (our estimate; CE has not published its data for two of the first six months); China Southern +11%; Japan +3%; Singapore +6%.

 

Notes (on notable details):

 

-Air China. International growth +15%.

 

-Cathay. Our perennial question: is it Cathay Dragon or Cathay Pacific that is doing badly?

 

We hope it is CP, because China – the main operating area for CD – is growing fast and so if CD is not also doing well in this market, that would be even worse news for the Group.

 

 

-China Eastern. International growth +9% (our estimate).

 

-China Southern. International growth +18%.

 

-Japan. That low systemwide growth looks unhappily standard for JA. But international is at +7%, shockingly fast for Japan.

 

That is the result of fast growth in four of the first six months, and +12% in June – prompting us to recheck the data to see what had gone wrong! However, we must note it fell -1% in the same 2017 month.

 

 

-Singapore. Significantly, the core SIA airline is now just 57% of the group. That compares with a 63% share for Air France in the AF-KLM group, 58% for British in ICAG, 50% for Lufthansa in its group, 55% for Qantas in its group.

 

That looks good. And now that SAG (our no-longer-true name for the group) plans to follow what we proposed eight years ago – merge Silk into SIA – prospects look better.

 

 

The Fox. Remember, I’m an industry expert in the parallel world.

*Fox – sly.  Trots – left-leaning (Trotsky) plus its more insalubrious meaning.  Foxtrots – leading the industry in a dance.

 

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