Home THE DAILY EDGE Business Singapore airport says Jan passengers up 10%
Singapore airport says Jan passengers up 10%

Tags: Cathay Pacific | Singapore Airlines

Written by Reuters   
Friday, 26 February 2010 16:26
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Passenger traffic at Singapore's Changi Airport, Asia's fifth-biggest, jumped 10.1% in January from a year earlier, its highest monthly percentage rise since 2007, signalling a sustained recovery in air travel. 
 
Changi Airport Group said on Friday it handled 3.38 million passengers last month, up from 3.07 million passengers in January 2009 and nearly 9% higher than the pre-crisis level in January 2008.  
 
Passenger numbers have now risen on an annual basis for the past six months. 
 
The company said low-cost carriers continued to be a key driver for the growth, which reported a 50% rise in January traffic. One in every five passenger movement through Changi was served by a budget carrier. 
 
The volume of cargo handled by the airport in January rose 20.6% from a year earlier to 141,060 tonnes. 
 
The improvement in the statistics came after major carriers such as Singapore Airlines (SIAL.SI) and Cathay Pacific (0293.HK) said they has seen a sustained recovery in air travel, including in the premium segment. 
 
Singapore Airlines managed to return to profit in the third quarter and might avoid recording its first ever annual loss. 
 
 
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Last Updated on Friday, 26 February 2010 16:28