Air, Freight News

Budapest airport handles record cargo volumes in 2017

[ March 15, 2018   //   ]

Budapest Airport processed a record 127,145 tonnes of cargo in 2017, up 13.4% on the previous year, and 39.1% on 2015.

The Hungarian hub ended the year with a balanced market share, with imports at 47.8%, and exports at 52.2%.

January to February 2018 figures were a record 21,750 tonnes, up 17.4% on the same period last year.

“Our cooperation agreement with STO Express and EKOL last year is testament to our continuous commitment to strengthening links between China and the European Union,” said René Droese, Director Business Unit Property and Cargo, Budapest Airport.

“As a result of being designated the preferred hub for air cargo by STO Express, e-commerce is set to experience a notable upswing at Budapest.

“Thanks to our development program, we will be able to cover the entire cargo catchment zone, from Ukraine to the Czech Republic, and from Poland to Bulgaria, where the relevant air cargo industrial production is booming.”

Budapest Airport has leveraged a strong belly cargo network, with LOT Polish Airlines set to launch two flights per week to Chicago, and four flights per week to New York, and American Airlines set to commence a daily service to Philadelphia, creating direct links between the USA and Hungary.

“We expect further growth of 20,000 tonnes belly cargo capacity annually thanks to the belly capacity on flights from Qatar Airways, LOT Polish Airlines, and American Airlines,” added Droese.

The Central European hub opened two new express facilities totaling 16,000 m2 in the summer of 2017, as part of its EUR160 million (HUF50 billion) BUD:2020 Development Program.

A 20,000 m2 dedicated freight centre, called Cargo City, will be handed over in the second quarter of 2019, and will expand the hub’s cargo handling capacity to 250,000 tonnes per year.