Thursday 23 February 2017

Stock Market Today:Changi Airport reports 8.2% rise in Jan passenger movements from a year ago



Singapore Changi Airport handled 5.26 million passenger movements in January 2017, an increase of 8.2% from a year ago. Aircraft movements were 4.8% higher with 31,600 landings and takeoffs, while cargo shipments were steady at 158,690 tonnes, compared to the same period last year.

Passenger traffic growth for the month of January was boosted by air travel demand to and from Southeast Asia, Northeast Asia and South Asia. Among Changi Airport's top 10 country markets, China led the gainers with a strong 31% growth in passenger traffic; this coincided with the Lunar New Year holidays occurring at the tail end of January this year.

India, Indonesia and Malaysia also registered double-digit growth of 14%. 14% and 13% respectively. As for Changi's top 10 cities, travel to and from Denpasar increased 18% on year; while Kuala Lumpur and Jakarta also saw healthy growth.

As at Jan 1, more than 100 airlines operate at Changi Airport, connecting Singapore to some 380 cities in about 90 countries and territories worldwide. With more than 7,000 weekly scheduled flights, an aircraft takes off or lands at Changi roughly once every 90 seconds.


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