Airline business got severely hit by COVID. Now that the world prepares itself for the new normal, the airline business too is walking that path. Reports for Hong Kong International airport are out and the data gives some interesting insights. In July, the airport carried 96,000 passengers. This was a decrease of 98.6 percent. Total flight movement was that of 9,870 aircrafts. This is a decrease of 73.2 percent.
Cargo to and from Mainland China has decreased drastically. It also fell for Europe and the rest of SouthEast Asia. Trans shipments also remained low due to less belly capacity on flights carrying passengers. The overall demand has been weak because of the entry restrictions for non-residents. In the last seven months the airport carried 8.4 million passengers. This is an year-on-year dip of 81.2 percent. Data suggests that the struggle with coronavirus has directly hit the airport economy.
Viewing the challenges faced, the Airport Authority has taken measures by extending the relief package for another two months. This package will now be continuing until the end of October 2020. There is an array of things that are covered in the relief package. Some of them include full exemption of parking charges for aircrafts that are idle and waiving airbridge fees, Reduction of fees in ramp handling, rent reduction for lounges and offices, etc.
Many shops and restaurants at the airport have suspended their service. Rental relief for catering tenants and retail tenants will also continue. The shops providing essential needs will have their base rental waived.