07-Apr-2009 10:26 AM
Incheon Airport passenger numbers edge back from lows, but cargo flat-lining
Analysis
Incheon International Airport, South Korea's main gateway, reported passenger numbers were down 10.1% year-on-year in Mar-2009 - the best figure since Oct-2008.
But recovery in the important freight segment was short-lived, with cargo volumes falling 14.8% year-on-year to 228,194 tonnes - worse than the 13.4% reduction in Feb-2009. A full recovery could take several more months, and is highly dependent on the performance of the US economy.
Incheon International Airport passenger numbers growth vs cargo volume growth: Apr-08 to Mar-09
Source: Centre for Asia Pacific Aviation & Incheon Airport