Melburnian1
Veteran Member
- Joined
- Jun 7, 2013
- Posts
- 25,486
The BITRE has just released the above.
QF suffered a 13.3 per cent decrease in passenger numbers to and from HKG. CX changed by only 0.4 per cent. I forgot to check VA.
Overall, the number of seats offered declined 1.3 per cent with international passenger traffic rising just 0.7 per cent, so my tip is numbers may in total decline for August 2019 compared with August 2018.
SQ passengers ex or to Oz increased 7.7 per cent while QF suffered a small drop.
I am not on a fast connection so am not analysing itt in huge detail, but airport investors would have to be concerned at the slowdown that coupled with declining numbers of domestic patrons must logically hit ancillary revenues like carparking and perhaps in time store rental rates.
Despite the RBA having just again lowered the cash rate, it is doubtful this will see travellers take more fights as any decline in trips seems to have more to do with a lack of consumer confidence or them saving tax cuts, paying off high levels of consumer debt and generally not commiting as much to expensive overseas travel.
The low, and lowering A$ should be leading in normal times to a boom inbound but the US - China tariff war and the drop in world trade may be having a negative multiplier effect.
Interestingly the 'other than top 10' destinations/origins continue to grow in aggregate much faster than the 'top 10.'
QF suffered a 13.3 per cent decrease in passenger numbers to and from HKG. CX changed by only 0.4 per cent. I forgot to check VA.
Overall, the number of seats offered declined 1.3 per cent with international passenger traffic rising just 0.7 per cent, so my tip is numbers may in total decline for August 2019 compared with August 2018.
SQ passengers ex or to Oz increased 7.7 per cent while QF suffered a small drop.
I am not on a fast connection so am not analysing itt in huge detail, but airport investors would have to be concerned at the slowdown that coupled with declining numbers of domestic patrons must logically hit ancillary revenues like carparking and perhaps in time store rental rates.
Despite the RBA having just again lowered the cash rate, it is doubtful this will see travellers take more fights as any decline in trips seems to have more to do with a lack of consumer confidence or them saving tax cuts, paying off high levels of consumer debt and generally not commiting as much to expensive overseas travel.
The low, and lowering A$ should be leading in normal times to a boom inbound but the US - China tariff war and the drop in world trade may be having a negative multiplier effect.
Interestingly the 'other than top 10' destinations/origins continue to grow in aggregate much faster than the 'top 10.'
Last edited:
