Despite the global economic slowdown in the second
half of 2008, Singapore Changi Airport handled a higher volume of
passenger traffic, with 37.7 million passenger movements handled in
2008, up 2.7% from 2007.
Among the top 15 markets by passenger traffic,
both regional and long-haul sectors registered growth. In the
region, the sectors of Indonesia, Malaysia, the Philippines and
Vietnam, grew 6.5%, 9.4%, 11.9% and 19.4% respectively, while the
long-haul sectors of Australia, Germany and the United Kingdom
grew 5.6%, 5% and 7%. Declines of 10.9% and 5.2% were registered
in passenger traffic from Thailand and China.
The financial crisis left its mark in the last
four months of 2008. Passenger traffic declined in September,
November and December due to negative sentiment and decreased
travel demand. The impact of the economic crisis was more
pronounced on the cargo front, where, compared to 2007, airfreight
movements dipped 2% to register 1.86 million tonnes in 2008.
CAAS’ Director-General and Chief Executive
Officer, Lim Kim Choon, said, “2008 has been a busy year for CAAS
and Changi Airport, with highlights such as the opening of
Terminal 3 and the inaugural Singapore Airshow. Upgrading works at
Terminal 1 and the Budget Terminal also commenced. Besides
registering higher passenger traffic, in terms of air
connectivity, the Changi family also grew, with six new airlines
coming on board and nine new city links.”
“Despite the difficult
economic climate, Changi Airport has performed commendably in
2008. We acknowledge that 2009 will be a challenging year and recognise the tough operating environment that airlines and
airport partners are operating in. CAAS is committed to help its
partners at Changi ride out the downturn, through means such as
the extension of the Air Hub Development Fund,” Mr Lim added.
As at 1 January 2009, Changi Airport is
served by 83 airlines operating more than 4,670 weekly scheduled
flights to 190 cities in 60 countries.
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