Singapore's Changi Airport is expected to experience substantial growth in 2025, building on its near-full recovery in 2024. The airport handled 67.7 million passengers in 2024, 99.1% of its 2019 record. Analysts predict growth will be driven by an economic resurgence in the Asia-Pacific region, improved connectivity with new airlines and routes, and increased flight frequencies. However, the airport faces challenges from increasing competition from other regional hubs, tighter margins, and potential global economic slowdown.
SINGAPORE: Growth is the word on everyone’s lips when it comes to the outlook for Changi Airport in 2025, after the airport narrowly missed out on a full recovery in passenger traffic in 2024.
Margins and profits will tighten, and the battle to attract travellers will intensify, added the Kuala Lumpur-based director of tourism consulting firm Check-in Asia. Bowerman said: “Singapore is a trusted airport by airlines and passengers, but in an environment of shifting growth drivers and uncertain travel patterns, there will be tough challenges ahead.”
Independent aviation analyst Brendan Sobie from Sobie Aviation said Changi’s passenger traffic is likely to reach six million in January. However, he flagged concerns over recent service cuts by AirAsia, which will reduce the low-cost carrier’s traffic at Changi to about 25 per cent below 2019 levels.
Australian flag carrier Qantas said it will operate more than 3,000 flights from Changi in 2025 – 37 per cent higher than in 2019.“This can be good for consumers, but it is bad for airline profitability, particularly given the significant increase in costs post-Covid-19,” he added. Lim said the airport is aware of the need to continue striving to provide the best that it can, as new air hubs emerge and competition for passenger traffic heats up.
Seoul’s Incheon Airport, which overtook Changi in terms of recovery in September 2023, has remained ahead. Its total international traffic of 70.7 million passengers in 2024 was slightly above 2019 levels. Incheon will also be a formidable competitor, especially in the long-haul transit market. It is able to handle 106 million passengers yearly with its fourth runway and expanded Terminal 2, which was completed in December 2024.
These new jets could diminish Singapore’s role as a transit hub, Patel said. For instance, Qantas’ order of A321XLRs could be used for non-stop services between Perth and India, which would otherwise have needed a connection at a hub such as Changi. Still, it is hard to say to what extent the airport’s hub status will be jeopardised by these developments.
Changi Airport Growth 2025 Passenger Traffic Asia-Pacific Competition Airlines Aviation Industry
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