HK and Singapore see January cargo drops

Hong Kong and Singapore witnessed falling cargo volumes in January, with both airports pointing to an earlier Chinese new year holiday in 2012, compared to a year earlier, as being responsible for much of the fall-off.


HK and Singapore see January cargo drops


Hong Kong and Singapore witnessed falling cargo volumes in January, with both airports pointing to an earlier Chinese new year holiday in 2012, compared to a year earlier, as being responsible for much of the fall-off.

Cargo throughput at the world’s busiest air cargo hub, Hong Kong International Airport (HKIA) declined 17.5 per cent compared to January 2011 to 275,000 tonnes “as a result of sluggish seasonal demand during Chinese new year”, while exports dropped a full 20 per cent, year-on-year. Imports and transhipment decreased by 18 and 11 per cent respectively, compared with the same month in 2011.

Stanley Hui Hon-chung, CEO of Airport Authority Hong Kong, said holiday factors should be taken into consideration when viewing January’s figures. “The impact of the Chinese new year falling in January this year, but February last year, has given rise to a biased base for year-on-year comparisons.

“The changes in passenger and cargo traffic would be smaller were we to average out its impact by looking at January and February together,” he said. “Nonetheless, the strong start in terms of passenger and aircraft movements is encouraging. Although cargo is expected to be slow following a general decline last year, there have been signs of a slowdown in the rate of decline since the last quarter of 2011.”