Changi sees airfreight volumes down 8.3% in February

Another large Asian cargo hub has reported a bad start to 2019 as Singapore Changi Airport saw year on year throughput fall 8.3% in February to reach 137,000 tonnes, .

Airport management at Changi said that the slowdown in world trade saw “all cargo flows – exports, imports and transhipments – weakening”.

Changi’s result comes after Hong Kong International Airport (HKIA), the world’s number one cargo hub, reported a  14.4% decline in its cargo volumes in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”.

These latest downturns come after Asian-Pacific airports saw a 2.5% decline in airfreight volumes during December 2018, according to the Airports Council International (ACI) Asia-Pacific.

For the full year 2018, airfreight in Asia-Pacific grew marginally at 2.4%. ACI stated: “Uncertainties resulting from trade disputes and slower economy was ameliorated somewhat by growth in the e-commerce and pharmaceutical sectors.

“The impact and uncertainties of the trade war between China and the US will continue to cast a shadow over the airfreight demands in 2019.”

Share this story

Related Topics

Latest asia news

Worsening containership market keeps the pressure on air cargo

The recent deterioration in the ocean shipping market could be pushing more cargo to airfreight following the impact of the…

Read More

Share this story

JD Airlines to lease four 737-800BCF from AerCap

AerCap has signed lease agreements for four 737-800 Boeing Converted Freighter (BCF) aircraft with JD Airlines, the cargo airline of…

Read More

Share this story

Yusen Logistics expands Hong Kong Airport feedership operation

Yusen Logistics (Shenzhen) has started handling import air cargo at its Dongguan Humen Bonded Logistics Park (BLP) site using feeder…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.