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Bangkok’s international traffic up 6.5%, Singapore Changi +7.7%

Analysis

Leading Asia Pacific airports continue to report very healthy traffic volumes.

Airports of Thailand (AoT) stated international passenger numbers at Bangkok Suvarnabhumi Airport rose 6.5% in Nov-2010 to 2.98 million. Total traffic at the Thai hub (domestic and international) rose 2.4% to 3.82 million. AoT report international passenger numbers across its airports (Bangkok Suvarnabhumi and Don Muang, Phuket, Chiang Mai, Hat Yai and Chiang Rai) surged 9% to 3.31 million last month, while total throughput advanced 5.2% to 5.19 million.

AoT's shares were steady yesterday.

Singapore Changi Airport sets new 40 million milestone

Singapore Changi Airport crossed a new milestone in passenger traffic, handling more than 40 million passenger movements in a calendar year (by 15-Dec-2010), setting a new annual record. Only six other airports in the world handle more than 40 million international passenger movements annually.

Changi Airport's previous traffic record was set in 2008, when 37.7 million passenger movements were handled. Passenger traffic dipped slightly in 2009 to 37.2 million due to the global economic downturn.

From January to November 2010, Changi Airport handled 38.0 million passengers, an increase of 13.8% compared to the same period in 2009.

For Nov-2010 alone, 3.62 million passenger movements were registered, a year-on-year increase of 7.7%.

Changi Airport stated that passenger growth this year has been driven by traffic to and from Southeast and Northeast Asia, while both full service carriers (FSC) and low cost carriers (LCC) have seen growth in passengers carried at Changi. For the first 11 months of 2010, FSCs reported a turnaround in demand to register an 8.8% increase in passengers carried. LCCs continued their "robust growth", carrying 35.3% more passengers. For the period, LCCs carried 22.3% of Changi's passenger traffic and accounted for 26.2% of Changi's aircraft movements.

Elsewhere in the region, Beijing Airport's shares fell 3.5% yesterday. The airport recently overtook Heathrow as the world's second busiest airport.

Selected airport operators/investors daily share price movements (% change): 15-Dec-2010

Selected airport suppliers daily share price movements (% change): 15-Dec-2010

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