This was a 0.7% increase compared to the whole of 2013, and cargo volumes were stable at 1.84 million tonnes while flight movements dipped 0.7% to 341,390 for the year.
The airport ended the year by handling a total of 5.09 million passenger movements (-0.7%), 158,600 tonnes of cargo (+1.4%) as well as 29,710 landings and take-offs (-3.9%) in the month of December.
Travel to and from Thailand and China continued to show signs of recovery, registering a year-on-year increase of 6.6% and 1% respectively in December 2014, the third consecutive month of passenger traffic growth for both countries.
In Thailand’s case, seat capacities and flight frequencies to Bangkok have also been restored to end-2013 levels, before travel to the country was impacted by the political situation.
Despite overcapacity issues and depressed yields facing the aviation industry in the region, passenger traffic at Changi grew, albeit at a more moderated rate compared to previous years.
While traffic to the South Asia and Northeast Asia regions rose 6% and 4% respectively, this was offset by weaker performance on European and Southeast Asian routes.
Accounting for more than 7.5 million passengers in 2014, Indonesia continued to be the airport’s top country market, followed by Malaysia, Australia, Thailand and China.
In terms of Changi’s busiest routes, the top 10 destinations remained unchanged with Jakarta, Hong Kong, Kuala Lumpur, Bangkok and Manila taking the top five spots.
For the second year in a row, Denpasar-Bali was the fastest growing among the top 10 routes, enjoying a robust 15.7% growth on-year.
Changi Airport’s total cargo throughput for 2014 increased 0.3% compared to a year ago, as higher imports and exports offset lower transshipment volumes, and two of Singapore’s key trade partners – Australia and China – also exhibited positive growth of 5.7% and 1.3% respectively.
Lee Seow Hiang, CEO, Changi Airport Group (CAG) says: “2014 was a challenging year for the aviation industry, especially in Southeast Asia. Several unforeseen events depressed travel demand, creating a difficult operating environment for many airlines in the region.
“CAG responded quickly to the external situation, by introducing the Growth and Assistance Incentive (GAIN) programme to provide temporary cost relief for our airline partners as well as to encourage them to collaborate with us to explore new ideas to stimulate passenger traffic or boost operational efficiency at Changi Airport.
“The spirit of innovation that has driven our development plans for Jewel Changi Airport and Terminal 4 will continue to underpin our strategy to anchor Changi Airport’s position as a world-class destination for all our passengers to enjoy.
“We are hopeful that 2015 will be a better year for aviation in the region. Travel demand is recovering steadily for markets like Thailand and China. Lower fuel costs will also help to alleviate cost pressures for airlines.
“The new year has started on a positive note for Changi Airport, with Air New Zealand commencing its services to Singapore on 6 January.
“As we announce more new airlines and destinations in the coming months, we stand ready to work with our airline and industry partners to capture growth opportunities and strengthen Changi Airport’s air hub position.”