Monday, November 16, 2009

Hong Kong Registers Increase in Year on Year Air Freight Tonnage

First Improved Figures Since August 2008
Shipping News Feature

HONG KONG – Air freight tonnage handled by Hong Kong International Airport in October 2009 has actually increased from the same month last year. This is the first month since August 2008 that a year-on-year monthly comparison registered positive growth for the airports tonnage and is a good sign for stabilisation in the air cargo sector.

Figures released by the airport authority show that the airport handled some 324,000 tonnes in October, an increase of 1.3% from last year.

Stanley Hui Hon-chung, Chief Executive Officer of Airport Authority Hong Kong, said that: “It is encouraging to see cargo throughput end the downward trend and increase by 1.3% in October.

‘Though this is just a mild improvement made on October 2008 – which itself saw a drop compared to October 2007 – it nevertheless is an encouraging change for the better during a challenging time. ‘

Meanwhile, pre-Christmas stock replenishment has caused a sudden boom in air cargo in the region, resulting in higher rates and more extra freighter flights being operated. Momentum is building up to the year-end seasonal upturn, which hopefully is a sign of market recovery.’

(pic: © Airport Authority Hong Kong)