Impact Publications : Aircargo_238
AirCArgo AsiA-PACifiC • AUGUST-SEPTEMBER 2015 • Page 21 Modest freight growth trails June passenger totals (PEk) grew by six per cent in the first 6 months of 2015, which is higher than year-over-year growth rates in 2014. Shanghai (PVG), the second busiest Chinese airport, posted double-digit growth of over 18 per cent over the same period. The number two ranked airport in Asia-Pacific and Japan’s busi- est airport, Haneda (HnD), grew by 4.8 per cent from January to June 2015 as compared to the previous year. europe: Regardless of the economic un- certainties that persisted in the euro area and the prospects of a Greek exit throughout 2015, the region continues to bounce back with passenger traffic rising by 4.6 per cent on a year-to-date basis. Most of the major airports that were crippled by the earlier days of the euro area crisis saw a revival in 2014. For instance, Madrid, Spain’s bus- iest airport which experienced a con- traction in passenger numbers in 2013, recorded growth of 11.4 per cent in the first half of this year. istanbul con- tinues to climb the rankings among the world’s busiest airports with growth of 6.4 per cent on the year, although the growth is slowing with respect to previous years. London-Heathrow, the region’s busiest airport, posted gains of 1.3 per cent in the first half. Latin America-Caribbean: Despite the ongoing weakness in the economies of Brazil and Argentina, the Latin American-Caribbean region has achieved growth of 5.6 per cent for the first half of 2015. The increases in traffic are largely attributed to the bur- geoning domestic markets of Mexico and Colombia. Both Mexico City and Bogota experienced double-digit gains in passenger traffic of 12.4 per cent and 11.3 per cent respectively up to June 2015. On the other hand, Sao Pau- lo, Brazil’s busiest airport, experienced no change with respect to year-over- year growth over the same period. Middle east: Middle East airports continue to achieve the highest growth among all regions at 8.8 per cent for the first half. Double-digit growth rates in year-over- year passenger traffic continue to be the norm for major hubs across the re- gion. Doha and Abu Dhabi, the region’s second and third ranked airports, grew by 14.4 per cent and 17.3 per cent respectively. Dubai, the region’s busiest airport and the world’s busiest airport for international passenger traffic, grew by 10.4 per cent in the first half of 2015. The region’s airports continue to expand their capacity and capitalise on their strategic location for the trans- fer of passengers. North America: Passenger numbers in north America continue to report growth above trend. Considering the maturity of the north American aviation market, growth of 4.2 per cent is coinciding with the ongoing resurgence of the United States economy. Chicago, the region’s second busiest airport, has seen its domestic traffic grow by over 10 per cent in the first half of 2015. Atlanta, the world’s busiest airport, increased by 4.4 per cent on a year-to-date basis in 2015. if the airport continues to grow at this rate for the rest of the year, it will reach the 100 million pas- senger mark by the end of the year. Air freighT Africa: The African air freight market grew by 7.4 per cent in the first half of 2015. While results are mixed across the con- tinent, JnB, a leading air freight hub, has bounced back after a bleak 2014 with respect to growth in volumes. Ac- cumulated freight volumes from June to January 2015 grew by 11.7 per cent as compared to the same period in the previous year. CAi, the continent’s busiest air cargo hub, and JnB occupy over 30 per cent of the continent’s air freight traffic. Asia-Pacific: A weakening of international trade activity has enfeebled the Asia-Pacific air freight market in the first half of 2016. Overall growth in volumes has slowed to three per cent on a year-to- date basis. The cross-border shipment of goods shows the weakest growth. international freight volumes, which make up the greatest proportion of freight traffic in the region, grew by only 2.7 per cent for the first six months of 2015, whereas domestic freight traffic grew by 3.8 per cent. The top global air freight hub, Hong kong, had an increase of only 0.6 per cent in traffic for the first half of 2015. PVG and incheon, the region’s second and third busiest air freight hubs, had year-over-year increases of five per cent and 1.5 per cent respectively. Continued next page.