JAPAN CRISIS: THE WINNERS AND LOSERS AS AVIATION ADJUSTS

The cascade of crises in Japan was threatening to cause major disruptions to the country’s aviation market from the outset over a week ago but with the ongoing radiation leak taking centre stage in the global media the traffic is now all one way – out of the north island. Japan represents a US$62.5 billion aviation market, which equates to 10% of global airline industry revenues, so it is time we took note of what is going on. Japan’s $19 billion domestic air travel market, with 83 million passengers a year, is suffering disruption but discarding flights to the north