Air Transport World

ASIA/PACIFIC REPORT

              Selected Asia/Pacific airlines results            Year ended March 31 ([yen] [billions.sup.*])                 Operating revenues Operating profit  Airline           1998                             % chg.  AMA              910.3                                2.6  JAL            1,219.7                                2.0  Malaysia Air-  lines Group    7,051.3                                8.7  Singapore Air-  lines Group    7,723.9                                7.0                 Operating Profit       Net Profit  Airline           1998           1997    1998      1997  AMA                 .6           18.0   (2.6)       3.9  JAL               31.0            4.6  (94.2)     (9.2)  Malaysia Air-  lines Group    (261.2)          263.2 (259.8)     333.0  Singapore Air-  lines Group      998.7          895.7 1,034.7   1,031.5  (*.) Except Malaysia Airlines, millions ofringgit and SIA Group,  S$ millions.  SOURCE: Airline reports.      

Asian airlines continue to experience deteriorating traffic levels compared with the year-ago period, according to figures from the Assn. of Asia Pacific Airlines. Overall, member airlines' March RPKs declined 8.3% compared with March, 1997, vs. a slight increase in capacity, year over year. The result was a 6-point drop in load factor to 66%. Hard-hit airlines include Korean Air and Asiana, both of which reported March RPKs fell 27%, compared with March, 1997; China Airlines' traffic fell 19%; Cathay Pacific's RPMs fell 14%.

Chinese authorities are reporting a spate of losses in the aviation sector that could see the number of planes ordered during an upcoming visit by U. …

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