Southern California’s Ontario International Airport scores high in cargo shipment rating
Posted on: Thu, 08/27/2020 - 13:07
(Ontario, California – August 27, 2020) – A new analysis by Fitch Ratings shows only two U.S. airports – Southern California’s Ontario International Airport (ONT) and Ted Stevens Anchorage International Airport (ANC) – experienced significant growth of commercial air freight shipments in the first five months of 2020 as consumers and businesses increasingly relied on e-commerce sources for household goods and critically needed personal protective equipment as the COVID-19 pandemic took hold and stay-home orders were implemented.
According to the Fitch Ratings report, just ONT and ANC saw double-digit growth in commercial cargo while freight volumes at other major cargo hubs were either in line with last year or declined slightly.
From January through May, the period analyzed by Fitch, ONT saw air cargo tonnage increase more than 18% compared to the same period in 2019. According to ONT data, monthly and year-to-date increases were even greater in June and July. From March through July, Ontario recorded monthly increases of more than 20%.
“The Fitch Ratings analysis reaffirms Ontario’s role in our nation’s supply chain network, especially in recent months as the coronavirus pandemic profoundly impacted virtually all aspects of life, and we expect air cargo to remain strong for many months to come,” said Mark Thorpe, chief executive officer of the Ontario International Airport Authority.
“Air cargo shipments have been a great insurance policy for us as Ontario, like every other U.S. airport, has experienced steep declines in passenger activity.”
As the Fitch analysis noted, air cargo is frequently used to transport high-value, time-sensitive commodities and, more recently, PPE, ventilators and other medical equipment, demand for which surged as supply chains were disrupted by stay-at-home orders and travel restrictions. Strong growth at ANC and ONT was attributed in part to their “West Coast proximity and ability to handle an increasing share of PPE originating from Asia,” according to the report by the highly regarded provider of credit ratings, commentary and financial research.
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About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram
About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport's four-county catchment area. OIAA Commissioners are Ontario City Council Member Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).