Hong Kong airport operator sees tough times ahead.
In a report in Airwise News, Hong Kong’s airport operator has warned of tough times ahead for the aviation industry amid global financial turmoil as air traffic at the city’s international airport continued to fall in September.
“Given the very difficult operating environment and shrinking demand in the economic slowdown, airlines are expected to further scale back their operation or put on hold their expansion plans,” Stanley Hui, chief executive of the Airport Authority, said in a statement.
“The aviation industry is expected to face even more difficult times in the coming months.”
Hong Kong International Airport handled 3.6 million passengers and 317,000 tonnes of cargo last month, a decline of 4.7 percent and 7.5 percent respectively, from the same month a year ago.
The US and Europe, China’s biggest trading partners, saw a sharp drop in air cargo traffic to and from Hong Kong.
The number of international passenger, cargo and non-revenue flights eased 0.4 percent to 24,570 in September.
“The steep decline in the traffic volumes in both passenger and air cargo clearly reflected a very troubled global economy as a result of the financial tsunami,” Hui added.
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