Hong Kong International Airport will see a recovery in air traffic this year amid early signs of improvement in the global economy and continued strong growth on the Chinese mainland. Airport Authority Chief Executive Officer Stanley Hui said across-the-board improvements in air traffic figures for the fourth quarter of last year showed business is returning, adding airlines have been increasing or restoring flight frequencies. He said he is confident the airport will emerge stronger and better, … [Read more...] about HK sees 2010 return to air traffic growth
cargo growth
IATA growth not quite as good as it seems
The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June. But that improving trend is not quite as good as it seems. Remember that it was this time last year when cargo traffic first dipped into negative territory, and so y-o-y comparisons are starting to get better. Comparing traffic figures to 2007 – the peak of the market - … [Read more...] about IATA growth not quite as good as it seems
Boeing says 2011 cargo-led recovery in air traffic
The Boeing Company expects global airline traffic – led by air cargo – to recover in 2011 with a return to growth in demand for aircraft in 2012, according to Boeing Commercial Airplanes VP for marketing, Randy Tinseth, speaking at Asian Aerospace in Hong Kong last month. He added that 2010 will be characterised as the year that carrier traffic declines moderated. Tinseth said that between now and 2028, the Asia-Pacific air travel market will grow from a 32 per cent … [Read more...] about Boeing says 2011 cargo-led recovery in air traffic
LAX sees slimmest cargo decline of the year
In a further indication of an Asian-led recovery of the air cargo sector, Los Angeles International Airport reported its busiest month for freight in nearly a year in August and the fourth straight month-to-month improvement in cargo volumes. North America's largest gateway for the trans-Pacific air cargo trade, reported a 5.1 per cent fall in August cargo volumes compared to the same month a year ago, but the decline marked the slimmest Los Angeles has recorded since April 2008 and the seventh … [Read more...] about LAX sees slimmest cargo decline of the year
Abu Dhabi reports further cargo growth
Like neighbouring Dubai, Abu Dhabi Airports Company (ADAC) has reported ongoing growth in cargo and passenger movements with a 6.2 per cent increase in cargo volumes in August, year-on-year and a 12.4 percent rise in aircraft movements. The airport's cargo volumes were given a boost from new services by Maximus, China Airlines and Etihad's expanding network. "In this challenging time for the aviation industry, Abu Dhabi International Airport is still seeing positive growth, route developments, … [Read more...] about Abu Dhabi reports further cargo growth
