Chicago, Dallas, Houston and Miami airports report surging cargo demand
US consumer confidence may be taking a dive, but airport cargo volumes continue to show healthy gains.
According to latest monthly traffic volumes tracked in CAPA’s Airport Business Daily and America Airline Daily reports, Chicago O’Hare, Dallas Fort Worth, Houston George Bush and Miami International all reported cargo volume growth in excess of 20% last month – with O’Hare's volumes up by greater than 50%. Miami’s performance is outstanding, given it does not have as much connectivity to the booming Asian freight markets as its rivals.
On the passenger side, Miami also outperformed, with growth of 7.1% last month, driven by a 10.5% lift in international volumes to 1.3 million. See related report: Miami Airport's rising international status
Selected US airports’ May-2010 traffic
|
Pax (mill) |
Pax growth (%) |
Cargo (tonnes) |
Cargo Growth (%) |
Movements |
Movements growth (%) |
|
|---|---|---|---|---|---|---|
|
Chicago O’Hare |
5.8 |
+3.6% |
138,106 |
+51.9% |
75,615 |
+7.7% |
|
4.7 |
+1.4% |
59,645 |
+23.2% |
|||
|
Houston |
3.4 |
+4% |
- |
+23.9% |
43,928 |
-0.3% |
|
Miami |
3.0 |
+7.1% |
169,987 |
+22.5% |
- |
- |
|
Minneapolis/St Paul |
2.7 |
-0.7% |
17,857 |
+12.9% |
35,527 |
-2.5% |
|
1.6 |
+4.4% |
2,318 |
+12.9% |
21,783 |
+0.2% |
|
|
1.4 |
-2.1% |
- |
+2.0% |
16,556 |
-0.8% |
|
|
1.1 |
+0.7% |
16,029 |
+0.6% |
Of the listed airports, it was a dark day yesterday, with global equity markets retreating on renewed concerns about the US, Chinese and European economies. Falls were virtually across the board, led by Xiamen Airport (-7.6%), Mexico’s OMA (-6.0%) and ASUR (-5.3%) and Germany’s Hochtief (-5.2%).
Selected airports daily share price movements (% change): 29-Jun-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance