AUSTRALIA is easing some Covid crisis restrictions as it prepares to reopen domestic and international borders to vaccinated citizens and permanent residents, reports London's S&P Global Platts
AUSTRALIA is easing some Covid crisis restrictions as it prepares to reopen domestic and international borders to vaccinated citizens and permanent residents, reports London's S&P Global Platts. 'This will add more flights and we should see more demand during the holiday season,' said a Singapore-based trader.
Asia-Pacific airlines carried 1.2 million international passengers in September, down 1.4 million in August, 4.1 per cent of the 30 million passengers flown in September 2019.
The international passenger load factor averaged 33 per cent of 2019 levels in September, with available seat capacity at 13.9 per cent.
Asia-Pacific airlines flew 11.19 million passengers from January to September, down 83.2 per cent year on year.
Rebounding aviation fuel demand is tied with tightening supplies of jet fuel and kerosene.
The FOB Singapore jet fuel/kerosene cash differential was assessed at a premium of 17 cents/b to the Mean of Platts Singapore jet fuel/kerosene assessment October 28, strengthening from a discount of 2 cents/b at the start of the month.
The Singapore Q1 to Q2 jet fuel swap spread was US$2.21/b on October 28, up 51.37 per cent from $1.46/b at the start of the month.
'As vaccination rates increase, more governments are moving away from zero-Covid approaches toward a risk-managed approach in favour of relaxation of border restrictions for vaccinated travellers,' said Association of Asia Pacific Airlines (PA) director general Subhas Menon.
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