Changi Airport's cargo volume continues to slide in August
SINGAPORE Changi Airport saw airfreight throughput fall 8 per cent year on year in August to 169,000 tonnes, the eighth successive month of decline in airfreight tonnages this year at the key Asian hub
SINGAPORE Changi Airport saw airfreight throughput fall 8 per cent year on year in August to 169,000 tonnes, the eighth successive month of decline in airfreight tonnages this year at the key Asian hub.
In July, Changi Airport handled 170,000 tonnes of cargo volume, a decline of 7.2 per cent year on year.
These latest figures confirm a weakening of demand in Asia with statistics released this week showing Asia Pacific airlines' air cargo demand in freight tonne km (FTK) falling 6.4 per cent year on year in August against a backdrop of 'diminishing business confidence levels and significant declines in international trade volumes'.
The Association of Asia Pacific Airlines' (PA) latest monthly report indicated 'subdued demand conditions' in August with businesses 'remaining cautious' on their inventories, both factors contributing to the 'persistent weakness' in demand.
Cargo throughput at Hong Kong International Airport (HKIA) dropped 11.5 per cent year on year in August to 382,000 tonnes due to global trade uncertainty, said the airport authority.
On passenger traffic, the international airport of Singapore handled 5.9 million passenger movements in August, a 3.8 per cent increase compared to the same period last year.
South Asia traffic dipped two per cent, while Northeast Asia traffic recorded a five per cent increase in passenger movements.
Among the Northeast Asia countries, Japan, South Korea and China, registered year-on-year growth of 14 per cent, 19 per cent and 8 per cent, respectively.
Among Changi's top 10 city destinations, Bali (Denpasar), Shanghai and Tokyo registered double-digit growth.
As at September 1, 2019, more than 100 airlines operate at Changi Airport, connecting Singapore to some 380 cities in about 100 countries and territories worldwide, according to media reports.