Hong Kong airport says business climate remains challenging

Airport Authority Hong Kong (AAHK) stated that traffic at Hong Kong International Airport (HKIA) stabilised further in Jul-2009, but business climate remains "challenging, as economic activities remain low". Hong Kong's GDP rose 3.3% in the June 2009 quarter compared to the March quarter, ending four consecutive quarters of contraction, meaning the local economy has technically emerged from recession. But AAHK believes the weak economy and the ongoing difficult operating environment for the aviation industry would "continue to affect the pace of recovery".