Asia Airfreight Terminal
Asia Airfreight Terminal (AAT) is a dedicated air cargo terminal operator at Hong Kong International Airport. AAT is a leader in air cargo terminal operators and is based at one of the world's largest cargo airports. AAT operates on a franchise awarded by the Airport Authority Hong Kong, and offers a range of services which include:
- Physical cargo handling;
- Documentation handling;
- Value-added services;
Airports serviced by Asia Airfreight Terminal
70 total articles
8 total articles
The spectacular rebound of air freight demand in the world's factory, China, over the past two years has come to an abrupt halt in 1H2011 amid worrying signs for the global economy. Predicting the impact of weakness in Europe and the US on the Chinese and broader Asian economies is a key challenge for analysts at the moment. If the air cargo segment's credentials as a bellwether of underlying economic activity holds true, there could be turbulence ahead.
The spectacular rebound in China’s airfreight demand of 2009 and 2010 has slowed in 1Q2011. Chinese air cargo volumes increased by 2.0% in Mar-2010 to 489,000 tonnes, according to CAAC. Domestic cargo, which accounted for 66% of the total, increased 2.7% to 321,500 tonnes. Regional (Hong Kong, Macau and Taiwan) cargo volumes increased 2.2% to 19,500 tonnes and international cargo increased 0.6% to 167,500.
The spectacular rebound in global air freight demand of 2009/10 has recently slowed to a canter, raising some concerns that 2011 could be marred by excess capacity and yield pressures as demand softens. The recovery has been broad-based, though Asia - especially China - has been the powerhouse performer.
HACTL and AAT both reported a further stabilisation in demand in Oct-2009, although a full recovery appears to still be some time away.
Hactl and AAT both reported a slight pick up in demand in Sep-2009, although a full recovery appears to still be some time away. Key to the recovery will be whether Hong Kong's cargo volumes move up significantly in the pre-Christmas period, after last year's disappointment. Hong Kong Air Cargo Terminals Limited (HACTL) is optimistic, stating, “we expect further tonnage improvement, hopefully in a pre-Christmas peak.”
Hactl and AAT both reported a slight pick up in demand in Aug-2009, although both companies still expect a full recovery is still a way off. The key indicator, however, will be whether Hong Kong's cargo volumes move up significantly in the pre-Christmas period, after last year's disappointment.
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