There has been a cautious sense of optimism for the aviation sector following the relaxation of travel restrictions and successful vaccination programmes in many parts of Asia-Pacific and the Middle East, according to the Airports Council International (ACI) Asia-Pacific’s recent Industry Outlook.
Following a turbulent first quarter, marked by rigid travel restrictions, suspension of international air travel in some parts of the region and geopolitical conflict, the recovery in the Asia-Pacific and Middle East regions are benefiting from strong pent-up demand. Despite signs of improvement, the industry still faces strong headwinds, including geopolitical instability in eastern Europe and its subsequent impact on the global macroeconomics, including high inflation, rising energy prices, and disruptions in supply chains.
All these external factors, to a certain extent, continue to negatively impact the supply and demand for air travel. The Industry Outlook for the second quarter of 2022 (April to June), developed in partnership with Mott MacDonald, gives a snapshot of airport business performance across the region with a short-term analysis of the key industry trends.
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