Published on : Tuesday, October 25, 2016
Changi Airport seems to end the year on a strong profit margin as it witnesses a strong growth in passenger traffic. Ever since the initial nine months of the year, the number of passengers who have visiting this Singaporean airline have been increasing. Between January and September, the airline company dealt with as many as 43.5 million passengers that is about 6.2% more than the total traffic for the same period in 2015.
During the last quarter, the demand for air travel has increased quite strongly.
Therefore, it is believed that Changi would continue receiving an increased amount of air traffic as declared by industry experts. But then, if the number of passengers continues to increase like it has been increasing, the airport would indeed enjoy a strong performance.
In 2015, about 55.4 million passengers are believed to have visited this airport that marked a 2.5% rise in the number of passengers than in 2014. The growth was only 0.7% in the year 2014.
China, Malaysia and Indonesia occupied the top three spots in terms of sending air passengers to Changi.
One of the busiest routes of this airport has been Jakarta. It was followed closely by Kuala Lumpur and Bangkok. In the period between January and September, the air traffic controllers had to deal with 2,68,190 aircraft landings as well as takeoffs at Changi, that is about 4.2% more than a year ago.
There were about 1.44 million tonnes of cargo shipments during the period between January and September.
The airport has said that in the last five years, the current growth rate has been the highest. Though the global economy has been slow, the demand for air travel is believed to remain strong and that too for the long term, as asserted by the IATA (International Air Transport Association).
The global passenger traffic is predicted to hit 7.2 billion in 2035.
IATA said that the Asia-Pacific region would be the greatest driver of demand and it would offer lucrative opportunities for airlines and airports in the region.