HK Airport Records A 91 Percent Drop In Passengers

"); jQuery("#212 h3").html("

"); });
2020-04-15 HKT 18:35
Hong Kong airport recorded a 91 percent year-on-year plunge in the number of passengers it handled last month.
The Airport Authority said there were only 576,000 passengers in March, when the figure was more than six million for the same month last year.
Flight movements last month also drastically decreased – by 67 percent – when compared to the same period a year ago.
The sharp decline in passenger traffic came as the Covid-19 pandemic brought the travel sector to a virtual halt with airlines suspending operations and countries across the word imposing travel restrictions.
But the authority said cargo throughput for last month was relatively unscathed. It showed a drop of only around 12 percent, compared to March 2019.
Meanwhile budget carrier Hong Kong Express announced that it will not run any flights until June 18, further extending a suspension in services due to the Covid-19 pandemic.
All of the airline's planes have been grounded since late last month.
But Hong Kong Airlines said it still plans to resume flights on June 19, and ticket sales for flights from that date are available.
Why Financial Crime Keeps Rising, Even After $200 Billion In Compliance Costs
Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam ... Read more
Cathay United Bank Launches First Private Banking Operations At Taiwans New Asset Management Hub
Taiwan has launched a new Asset Management Hub in Kaohsiung, aimed at accelerating the development of onshore private b... Read more
OCBC Hong Kong To Launch Serial Entrepreneur Financing By End-2025
OCBC Hong Kong has announced a new financing initiative by OCBC Group aimed at supporting serial entrepreneurs in Hong ... Read more
Hex Trust CEO Joins Hong Kongs Web3 Task Force
Alessio Quaglini, CEO and Co-founder of Hex Trust, has been appointed as a non-official member of the Hong Kong SAR Gov... Read more
E-Wallets Vs Digital Banks: Whats The Winning Fintech Model In Southeast Asia?
At Money20/20 Asia, we sat down with Jaykie Tan, Head of Business Development APAC at Mambu, and Cecilia Tan, Regional ... Read more
Hong Kong Introduces Anti-Scam Charter 3.0 To Tackle Online Financial Fraud
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more