Singapore’s Changi sees cargo volumes fall 8% in August

Changi Airport

Singapore Changi Airport saw airfreight throughput fall 8% year on year in August to 169,000 tonnes, the eighth successive month of decline in airfreight tonnages this year at the key Asian hub.

These latest figures confirm a weakening of demand in Asia.

Only this week Asia Pacific airlines saw air cargo demand in freight tonne km (FTK) fall 6.4% year-on-year in August against a backdrop of “diminishing business confidence levels and significant declines in international trade volumes”.

The Association of Asia Pacific Airlines’ (AAPA) latest monthly report indicated “subdued demand conditions,” in August with businesses “remaining cautious” on their inventories, both factors contributing to the “persistent weakness” in demand.

Cargo throughput at Hong Kong International Airport (HKIA) dropped 11.5% year-on-year in August to 382,000 tonnes due to global trade uncertainty, said the airport authority.

Share this story

Related Topics

Latest asia news

E-commerce continues to drive up Cathay’s cargo volumes

Cathay Pacific’s year-on-year cargo volumes were up 7.4% in April, once again due to strong e-commerce demand. The airline carried…

Read More

Share this story

Supply chains brace for new US-China tariff war

Cargo volumes and supply chain costs for China-US services could come under pressure after US president Joe Biden announced a…

Read More

Share this story

SEKO Logistics appoints APAC president

SEKO Logistics has promoted Paul Good from managing director, Australia to Asia Pacific (APAC) president, effective immediately. The global logistics…

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.