AAHK recorded a profit of HK$2,457 million and the board declared a dividend of HK$1,300 million payable to the Hong Kong SAR Government.

Airport Authority Hong Kong (AAHK) has published the Annual Report of Hong Kong International Airport (HKIA) today for the fiscal year ended 31 March 2025, delivering a sound financial performance in fiscal 2024/25 on the back of traffic growth and higher revenue.

It is the first dividend payment since 2014/15, when AAHK began retaining operating surpluses to finance the Three-runway System (3RS) project.

Passenger traffic grew 21.6% year-on-year to 54.9 million, cargo throughput climbed 10.3% to 5.0 million tonnes, and flight movements rose 20.5% to reach 373,050. In 2024, HKIA was named the world’s busiest cargo airport for the 14th time since 2010.

In its full financial report, AAHK noted: “Air traffic at HKIA achieved remarkable growth in 2024/25, and flight movements were close to pre-pandemic levels. Despite challenges, air traffic is expected to continue to grow.

With completion of the Centre Runway reconfiguration, the 3RS — which is the foundation of HKIA’s long-term development — was commissioned. Despite Covid-19 and shortages of material and labour, the 3RS was completed on time and within budget. Other 3RS-related works, including Terminal 2, are scheduled to be commissioned in phases starting in late 2025/26. The 3RS increases the airport’s annual capacity to 120 million passengers and 10 million tonnes of cargo.”

During the year HKIA saw double-digit increases in passenger and cargo throughput as well as flight movements.

HKIA’s air network continued to grow during the fiscal year, with 27 airlines starting new routes or expanded services, involving 56 destinations.

As of the end of 2024/25, there were around 140 airlines serving at HKIA, connecting to more than 200 destinations.

Non-aeronautical revenue for 2024/25 was HK$9,690 million, an increase of 20.1% from 2023/24. Non-aeronautical revenue represent 59.1% of the Group’s revenue.

Fred Lam, Chairman of AAHK said: “The past year was pivotal for HKIA as we crossed key milestones and air traffic continued its solid recovery. The three-runway system was commissioned on time and within budget in November 2024, boosting the airport’s annual capacity by 50% and strengthening our status as one of the world’s largest and most important aviation hubs.

We have also laid the groundwork for realising our strategic vision of transformation from a city airport into an Airport City, with the extended development blueprint unveiled under a new brand, SKYTOPIA, which received positive market response. I am glad that our achievements and vision for the future enjoy increasing support from different sectors of the community. Though we are facing global economic uncertainties, we are confident in the future of Hong Kong’s aviation industry and the Airport City development.”

Sky’s the limit

Skytopia, unveiled in January 2025, embodies AAHK’s vision to create a world-class destination for visitors and residents that integrates entertainment, popular culture, yachting, art trading and storage, and leisure, among others. SKYTOPIA will enable HKIA to provide further contribution to Hong Kong’s economic development as a key growth engine.

As the major international air cargo gateway of the Greater Bay Area, it is of the utmost strategic importance that HKIA further strengthens this role. In 2024/25 the value of cargo moved through HKIA Dongguan Logistics Park, which offers a novel sea–air intermodal transshipment service for airfreight, grew to around RMB18 billion, indicating that members of the air cargo community have been actively making use of the service. The development of a permanent facility for the HKIA Dongguan Logistics Park commenced during the year as planned.

Another game-changing development in 2024/25 was the successful conclusion of an agreement to acquire 35% of Zhuhai Airport’s shares. The acquisition serves as a launchpad for HKIA and Zhuhai to elevate the partnership and unlock the full potential of the Hong Kong-Zhuhai-Macao Bridge for serving travellers and supporting the growth of the cargo business.

READ MORE: AAHK releases fashion & lifestyle tender for HKIA

READ MORE: AAHK releases lifestyle concessions tender at HKIA

READ MORE: AAHK releases February traffic figures which show promising return to form