Macau Airport faces biggest test in its 13-year history

Macau International Airport (MIA) has had its share of challenges since opening in 1995; from the Asian Financial Crisis, to September 11 and SARS. These resulted in sharp reductions in traffic generally of short duration. This current crisis has seen a decimation of cargo demand (traffic is down around 40% this year, falling approximately 60% in Oct-08 alone), while passenger numbers have fallen in eight of the past nine months - and worse is to come.