ZACL Records Positive Growth In Q3 2018

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Zambia Airports Corporation Limited (ZACL) announces that it recorded a positive growth for the third quarter of 2018 with passenger numbers increasing by 11.6% when compared to the same period last year.

The Company states that international passenger movements grew by 9.1% from 400,950 passengers in the third quarter of 2017 to 437,250 passengers in the third quarter of 2018. Also, in the third quarter of 2018, 115,795 domestic passengers passed through the airports in comparison to 94,735 in the third quarter of 2017, a resultant increase of 22%, making it a total of 553,045 passenger movements.

The Company that during the third quarter of 2018, a total of 17,067 aircraft movements were recorded at the four international airports namely Kenneth Kaunda, Simon Mwansa Kapwepwe, Harry Mwaanga Nkumbula and Mfuwe International Airports. It adds that domestic aircraft movements increased by 11.1% from 9,104 aircraft movements in the third quarter of 2017 to 10,118 aircraft movements in the third quarter of 2018.

However, when compared to the same period last year, Cargo movement decreased by 7% in the third quarter of 2018 due to increased competition from the road sector that is less costly as well as the appreciated kwacha which resulted in reduction on exports via air transport by 15%.

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