Local passenger traffic up 24 consecutive months; August, strongest month for cargo in CVG history
ERLANGER, Ky. (Sept. 20, 2016) – The Cincinnati/Northern Kentucky International Airport (CVG) continues to see air service growth in both passenger and cargo categories. Local passenger traffic improved 11.3 percent in August and marks the 24th consecutive month of year-over-year growth. Forty-two of the last 43 months have also shown positive growth and since 2012, local passenger traffic alone has grown a total of 38.4 percent.
Cargo traffic grew by 2.4 percent in August 2016, with more than 67,000 tons of cargo being handled. This marks the busiest August for cargo at CVG in the airport’s history. Since 2011, cargo volume has increased more than 50 percent and CVG continues to be the fastest-growing cargo airport in North America, ranking it the ninth-largest cargo airport in North America and 34th in the world.
Aircraft activity at CVG has also significantly increased as measured by landed weight. August 2016 recorded the most landed weight at CVG since August 2009 with 8.7 percent year-over-year growth. Approximately 50 percent of CVG landed weight comes from passenger operations and 50 percent from cargo operations.
“We’re very proud of the renaissance that continues to take place at CVG in both passenger and cargo operations,” said Candace McGraw, chief executive officer, CVG. “The momentum at CVG continues to build. Nearly 4M local passengers have traveled to and from CVG so far this year, which marks our strongest local passenger volume since 2005.”
CVG has also achieved a significant year-over-year decrease in its average domestic airfare with a decline of nine percent based on first quarter 2016 Department of Transportation reports. Airfares have decreased for nine consecutive quarters and 12 of the last 13 quarters as reported by the U.S. Department of Transportation.
“2016 is proving to be another outstanding year for CVG,” said J. Michael Schlotman, CVG Board Chairman. “All carriers at CVG, including Delta, are now experiencing consistent year-over-year growth in local passenger volumes. This year alone, new or expanded service has been added in 34 of the 54 nonstop markets served from CVG. Our transition to a multi-carrier, multi-use airport with emphasis on the local community has seen tremendous results. I congratulate the entire CVG family on the success that has been achieved.”
CVG leads the region with nonstop service to 54 destinations and more than 160 peak-day departures. In 2016, CVG has added more than 175,000 new low-cost carrier seats to its product offering and now offers year round or seasonal low-cost carrier service to 27 destinations, including Los Angeles, San Francisco and San Juan, Puerto Rico.