Asia-Pacific travel demand has recovered from mobile bongdaso pandemic, but earnings at mobile bongdaso region's airlines are under pressure from supply chain problems disrupting operations and exposing them to strengthening consumer protection rules, industry executives say.
A shortage of parts, labour and new planes as mobile bongdaso aviation industry emerged from mobile bongdaso pandemic has coincided with higher-than-expected repairs needed on mobile bongdaso latest-generation engines.
"mobile bongdaso supply chain issue is mobile bongdaso biggest challenge mobile bongdaso industry is facing," Subhas Menon, mobile bongdaso director general of mobile bongdaso Association of Asia Pacific Airlines (AAPA) said at mobile bongdaso trade body's annual meeting in Brunei this week.
Turnaround times for engine maintenance are at record lengths, with airlines having to cut flights, move parts around and lease stop-gap engines or planes to keep operations ticking.
Thai Airways CEO Chai Eamsiri said servicing mobile bongdaso Rolls-Royce engines on its Boeing 787 jets used to take around three months, but that has blown out to about six.
"We have to stretch mobile bongdaso aircraft. We used to operate 12.5 hours a day, now we have to stretch it to 13 plus," he told Reuters on mobile bongdaso sidelines of mobile bongdaso gathering.
SUPPLY CHAIN FRUSTRATION
mobile bongdaso heads of major carriers including Thai Airways, Singapore Airlines (SIAL.SI), , Malaysia Airlines and Kazakhstan's Air Astana expressed frustration with maintenance times and said governments trying to improve consumer protections should stop placing mobile bongdaso blame on airlines for delays.
"mobile bongdaso root cause is coming from mobile bongdaso supply chain...But we are mobile bongdaso one facing mobile bongdaso customer," Eamsiri told mobile bongdaso meeting.
Malaysia, Australia, Thailand and mobile bongdaso Philippines are among mobile bongdaso countries beefing up airline consumer protections to require refund options in mobile bongdaso case of delays and cancellations, as is mobile bongdaso United States, though mobile bongdaso rules are not as onerous as EU regulations requiring payments to affected passengers.
Aviation manufacturers "have to get their act together", Air Astana CEO Peter Foster said.
Amid a shortage of planes, labour and parts, Malaysia Airlines suffered a string of service disruptions this year and cut its network capacity by 20% from September.
Malaysia's civil aviation regulator cut mobile bongdaso duration of mobile bongdaso carrier's air operator certificate to one year from three years after an investigation.
"All airlines are wringing mobile bongdaso neck of our suppliers," Malaysia Airlines CEO Izham Ismail told attendees.
Engine servicing used to take around 55 days before mobile bongdaso pandemic, but now it needs 100 or more, Ismail said.
Representatives of Airbus and Rolls-Royce said separately they were working to resolve supply chain snags, including improving suppliers' access to financing.
AIRFARES FALLING
Travel in mobile bongdaso Asia-Pacific region, which accounts for around 32% of global passenger traffic, recovered later than other parts of mobile bongdaso world due to a belated lifting of pandemic travel restrictions, particularly in China.
In September, passenger volumes for 40 Asia-Pacific based carriers averaged 97.5% of mobile bongdaso corresponding month in 2019, according to AAPA data.
Airlines globally have been seeing stable demand but airfares are declining as a post-pandemic travel boom abates and most planes are back in mobile bongdaso skies.
Singapore Airlines, seen as a bellwether for mobile bongdaso region, last week posted a 48.5% plunge in interim net profit, reflecting stiff competition, and flagged its earnings would stay under pressure despite robust travel demand.
Source: https://www.reuters.com/business/aerospace-defense/asias-airlines-blame-supply-chain-woes-disrupted-operations-2024-11-14/
Air cargo markets from Asia Pacific and worldwide weakened further in mobile bongdaso week to 20 April due to mobile bongdaso effects of Easter holidays and uncertainty caused by US changes in tariff...
At mobile bongdaso inaugural Global Air Cargo Summit, held in Antalya, Türkiye, mobile bongdaso International Civil Aviation Organization (ICAO) forecasted that air freight volumes will grow by an...
mobile bongdaso imposition of new U.S. tariffs on foreign-made vehicles and components is causing significant disruptions in mobile bongdaso global automotive supply chain. Airfreight, often a linchpin...
Global trade uncertainty is prompting air cargo shippers and freight forwarders to favor short-term contracts over longer-term agreements, as highlighted in a recent Xeneta...
U.S. plans to end tariff-free access for low-value shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, are projected to slash over...
Trade groups warn of higher ocean shipping costs and disrupted supply chains, while U.S. officials argue mobile bongdaso policy aims to strengthen domestic shipbuilding and enhance economic...
Since January, mobile bongdaso Trump Administration has announced and delayed multiple tariffs on imports from Canada and Mexico, further destabilizing mobile bongdaso cross-border freight market....
As global supply chains adjust to post-pandemic realities and shifting trade dynamics, mobile bongdaso air cargo industry in mobile bongdaso Asia-Pacific (APAC) region finds itself at a pivotal crossroads.
Global tonnage improved +3% in week 15 (April 7-13) after mobile bongdaso previous week’s drop of -7% as markets that had closed for mobile bongdaso Eid-al-Fitr holiday came back on stream, but comparison...
E-commerce continues to be a key growth driver for air cargo, fueled by rising consumer demand and mobile bongdaso rapid expansion of emerging markets, even as regulatory barriers increase.
en