After 14 months of declines, Hong Kong International Airport recorded modest cargo growth in May. Volumes increased 1.1 percent, year-over-year, to 333,000 tonnes — a figure reflecting a 3 percent, year-over-year, surge in exports and higher-than-average traffic to and from Southeast Asia.
Despite this increase, cargo at HKIA is down from a five-month perspective. Freight volumes fell 0.9 percent, year-over-year, in the first five months of 2012, dropping to 1.6 million tonnes. Cargo also decreased on a 12-month basis, plunging 4.5 percent, year-over-year, to 3.9 million tonnes.
Flight movements at HKIA bucked the trend, however. The airport saw 341,830 aircraft movements from May 2011 to May 2012, a 6.2 percent, year-over-year, increase. Flight movements at HKIA were also up in the first five months of 2012, surging 5.9 percent, year-over-year, to 143,445 movements.
Although HKIA’s May air traffic figures were slightly below the airport’s five-month average, they showed considerable improvement, increasing 5 percent from May 2011. HKIA’s passenger volumes recorded similar growth last month and jumped 4.1 percent, year-over-year.
Airport Authority Hong Kong CEO Stanley Hui Hon-chung praised HKIA’s increase in passenger traffic, but was especially impressed by the growth in cargo throughput, considering the current economic landscape. Even so, he said he’s “cautiously optimistic” about the near future and “will continue to monitor closely the impact of economic uncertainties on the aviation industry.”