Air freight moving through Hong Kong fell 6.1 percent year-over-year in September, the seventh straight monthly decline and a lackluster start to the peak fall shipping season.
Export cargo fell back 7.6 percent compared to last year, and Hong Kong International Airport's 2.5 percent sequential increase from August to September marked a poor gain over a weak month.
Freighter flights also declined year-over-year, sliding 7.8 percent compared to September 2010, and the cargo flights actually slipped back slightly from August as carriers scaled down capacity to meet market conditions.
“Europe, North America and Taiwan experienced double-digit declines in overall cargo traffic,” the Airport Authority of Hong Kong said.
Singapore’s Changi Airport bucked the bearish trend reported by airlines and airports across Asia last month, handling 154,400 metric tons of cargo in September, an increase of 2.2 percent year-over-year.