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MOOD & INT<strong>EN</strong>TIONS: ASIA-PACIFIC REGION SURVEY 2018Q3<br />
GREATER CHINA<br />
Improved Aircraft Utilization<br />
AIRCRAFT UTILIZATION:<br />
REGIONAL DIFFER<strong>EN</strong>CES<br />
OPTIMISTIC<br />
47 19 34 34 28 38 29 24 47 18 31 51 22 23 55 21 19 60 18 22 60 21 33 48 232255<br />
PESSIMISTIC<br />
47%<br />
19%<br />
34%<br />
2016<br />
Q3<br />
OCEANIA<br />
46 32 22 38 31 31 31 44 25 23 33 45 25 17 58 21 38 41 30 18 52 47 18 35 261956<br />
PESSIMISTIC<br />
34%<br />
28%<br />
38%<br />
Decreased The Same Increased Signal Line*<br />
29%<br />
24%<br />
47%<br />
18%<br />
31%<br />
51%<br />
22%<br />
23%<br />
55%<br />
21%<br />
19%<br />
60%<br />
18%<br />
22%<br />
Improved Aircraft Utilization<br />
OPTIMISTIC<br />
46%<br />
32%<br />
22%<br />
2016<br />
Q4<br />
38%<br />
31%<br />
31%<br />
2017<br />
Q1<br />
Decreased The Same Increased Signal Line*<br />
31%<br />
44%<br />
25%<br />
2017<br />
Q2<br />
23%<br />
33%<br />
45%<br />
2017<br />
Q3<br />
25%<br />
27%<br />
58%<br />
2017<br />
Q4<br />
21%<br />
38%<br />
41%<br />
30%<br />
18%<br />
60%<br />
2018<br />
Q1<br />
52%<br />
21%<br />
47%<br />
33%<br />
18%<br />
46%<br />
2018<br />
Q2<br />
35%<br />
23%<br />
22%<br />
26%<br />
19%<br />
55%<br />
2018<br />
Q3<br />
56%<br />
This quarter, 18% of respondents (+3% since<br />
last quarter, -25% since 2016 Q1) in the surveyed<br />
area said their expected aircraft utilization has<br />
decreased. 60% of respondents said their<br />
aircraft utilization has increased, which is a 1%<br />
decrease compared to last quarter.<br />
* An Optimistic-Pessimistic Signal Line has<br />
been added to regional aircraft usage trend<br />
analyses for Greater China, Oceania and South<br />
and East Asia regions. An optimistic mood is<br />
derived from more people indicating a ‘higher’<br />
aircraft utilization than 12 months ago, and a<br />
pessimistic mood is derived from more people<br />
indicating ‘lower’ aircraft utilization than 12<br />
months ago.<br />
Greater China<br />
55% of respondents indicated their aircraft<br />
utilization in 2018 Q3 increased, which is a<br />
significantly higher level compared to last<br />
quarter (46% at 2018 Q2), though the same<br />
level compared to 2017 Q3. 22% of respondents<br />
stated their aircraft utilization has lowered<br />
compared to 12 months ago, which is a similar<br />
level compared to previous quarters’ result.<br />
Based on survey results, the ongoing trade talks<br />
have yet to affect aircraft utilization of Chinabased<br />
owners.<br />
Oceania<br />
2016<br />
Q3<br />
2016<br />
Q4<br />
2017<br />
Q1<br />
2017<br />
Q2<br />
2017<br />
Q3<br />
SOUTHEAST AND NORTHEAST ASIA<br />
2017<br />
Q4<br />
2018<br />
Q1<br />
2018<br />
Q2<br />
2018<br />
Q3<br />
356% of respondents have indicated their<br />
aircraft utilization increased, a 21% increase<br />
from 2018 Q2. 26% of respondents believe<br />
their aircraft utilization decreased, 21% lower<br />
than the previous quarter. High aircraft<br />
utilization may be reflective of respondent’s<br />
high economic optimism.<br />
Improved Aircraft Utilization<br />
OPTIMISTIC<br />
PESSIMISTIC<br />
37 27 33 26 22 27 17 10 14<br />
28 35 36 37 48 19 18 56 13 65 14 59 22 61 20 70 2264<br />
37%<br />
28%<br />
35%<br />
27%<br />
36%<br />
37%<br />
Decreased The Same Increased Signal Line*<br />
33%<br />
48%<br />
19%<br />
26%<br />
18%<br />
56%<br />
26%<br />
13%<br />
65%<br />
27%<br />
14%<br />
59%<br />
17%<br />
22%<br />
61%<br />
10%<br />
20%<br />
70%<br />
14%<br />
22%<br />
64%<br />
Southeast and Northeast Asia<br />
In 2018 Q3, 64% of respondents recorded an<br />
increased use of aircraft, which is 6% lower<br />
compared to 2018 Q2. 14% of respondents<br />
believe that their aircraft utilization decreased,<br />
which is 4% higher compared to last quarter.<br />
2016<br />
Q3<br />
2016<br />
Q4<br />
2017<br />
Q1<br />
2017<br />
Q2<br />
2017<br />
Q3<br />
2017<br />
Q4<br />
2018<br />
Q1<br />
2018<br />
Q2<br />
2018<br />
Q3<br />
10 | ASIAN SKY QUARTERLY — THIRD QUARTER 2018
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