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Incheon Airport getting back on track

Analysis

After languishing in negative territory for over a year, Incheon Airport, gateway to South Korea, is showing signs of producing some positive growth figures soon. Total passenger numbers and cargo tonnage were down 1.9% and 4.9%, respectively in Jul-2009 to 2.6 million and 238,270 tonnes. However, falls are compounding, as Jul-2008 passenger and cargo traffic was down 5.7% and 2%, respectively. Getting back to pre-crisis levels will take longer, though new entrant airline activity provides some cause for optimism.

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