ACI – Despite surge in air fare, financial health of APAC airports in distress

The airfares in Asia-Pacific and Middle East surged as nations emerged from pandemic-related restrictions, according to the Airports Council International (ACI) Asia-Pacific’s latest Airport Industry Outlook. The airfares in Asia-Pacific and Middle East were above the global average up 53% (nominal terms) or 35% (real terms) in 2022 vs 2019, although fares were trending down towards the end of the year as air traffic recovered. Commenting on the surge in airfares, Stefano Baronci, Director General, ACI Asia-Pacific said: “Despite a consolidated recovery of domestic traffic as compared to 2019 levels, and a progressive improvement of international traffic, with peak performances in Middle