Hong Kong sees marginal 2018 cargo growth as US-China frictions bite

HKIA

Hong Kong International Airport (HKIA) recorded continuous traffic growth in 2018, with all three air traffic categories reaching new annual heights, although cargo throughput grew by only 1.5 per cent.

During the year, HKIA handled 5.1 million tonnes of cargo, up 1.5 per cent year-on-year, alongside 74.7 million passengers and 427,725 flight movements, representing yearly increases of 2.5 and 1.7 per cent respectively.

The December 2018 peak season however, saw cargo throughput drop 5.2 per cent over December 2017 to 448,000 tonnes as the ongoing trade dispute between the US and China impacted volumes.

The airport authority says that amid the uncertain global economic situation, both imports and exports dropped by 7.0 per cent in December, resulting in the decrease in overall cargo throughput. Amongst the key trading regions, traffic to / from Europe and Southeast Asia decreased most significantly in the month.

Fred Lam, chief executive officer of Airport Authority Hong Kong (AA), says: “It’s gratifying to see HKIA scale new heights in 2018 on all three air traffic categories, attesting to the dedication, resilience and contribution of our 73,000 airport community members. We are also honoured to be awarded with a number of recognitions during the year, solidifying HKIA’s leading position as a regional and international aviation hub.”

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Hong Kong sees marginal 2018 cargo growth as US-China frictions bite
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Hong Kong sees marginal 2018 cargo growth as US-China frictions bite
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Hong Kong International Airport (HKIA) recorded continuous traffic growth in 2018, with all three air traffic categories reaching new annual heights, although cargo throughput grew by only 1.5 per cent.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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