NAV CANADA, the country’s air navigation service provider, has reported its financial results for the third quarter of fiscal 2024, ending May 31, 2024. The company saw a notable increase in air traffic levels, but this was offset by higher operating expenses and a net loss for the quarter.
Munich Airport has experienced a significant surge in passenger numbers during the first half of 2024, with over 19 million travelers recorded, a 14.8% increase from the previous year. The airport has almost reached its peak passenger volume from 2019, with an impressive 80% average aircraft load factor. This growth is particularly evident in intercontinental traffic, driven by increased travel to North America and the Far East.
NAV CANADA, the Canadian air navigation service provider, announced a significant increase in air traffic for May 2024. The company reported a 6.2% rise in weighted charging units, a metric that reflects the volume and complexity of flights in Canadian airspace. This growth signifies a strong rebound in air travel following the pandemic.
Hong Kong International Airport (HKIA) reported a significant surge in passenger and cargo traffic during April 2024, driven by the long Easter holidays and increased travel demand. The airport handled 4.23 million passengers, a 35.9% year-on-year increase, and 29,055 flight movements, up by 34.7%. Cargo throughput also witnessed a notable increase of 13.9% to 394,000 tonnes, marking a consistent trend of double-digit growth in cargo volume this year. Key trading regions contributing to the cargo growth include North America, Europe, and Taiwan.
