Hong Kong International Airport’s (HKIA) November cargo throughput fell 3.4 per cent year-on-year to 450,000 tonnes while the first 11 months of the year have seen cargo down 6.6 per cent, all impacted by the ongoing US-China trade war.
One very tiny bright spot amidst the overall 1.0 per cent in cargo exports, year-on-year, was a positive growth in cargo exported to Japan and Europe, the Airport Authority Hong Kong (AA) says.
Over the first 11 months of the year, HKIA’s cargo throughput fell 6.6 per cent to 4.4 million tonnes compared to the same period last year.
On a 12-month rolling basis cargo throughout dropped to 4.8 million, a 6.4 per cent decrease compared to the same period last year.
Cathay Pacific and the airport authority recently announced cargo terminal discounts in a bid to counter the fallout of both protests in Hong Kong and the damage caused by the ongoing trade war between the US and China.
Vivian Cheung, executive director, Airport Operations of the Hong Kong Airport Authority says: “HKIA will continue to enhance our global air traffic network and multimodal connections with the Mainland to help bring business opportunities and economic benefits to Hong Kong and the Greater Bay Area.”
The ongoing protests, active for over six months now, have seriously hurt Cathay’s passenger side of the business, as reflected by HKIA’s statistics noting a year-on-year decrease of 16.2 per cent in November to 5.0 million passengers.