Airports of Thailand has reported a good set of sales, revenue and traffic results for its year ended September 2016, all of which is timely considering it is also planning to tender out construction for a new terminal building.

 

This is expected to substantially upgrade Bangkok’s Suvarnabhumi International Airport, while increasing passenger handling to 90m a year.

 

Meanwhile, on the financial results side net profit for the year ending September 30 came in at Bht.19,571.46m – up 4.50% compared to last year, while revenues from sales and services rose +15.90% – by Bht.6,992.96m – thanks to an increase in aeronautical revenues of Bht.3,162.94m (+12.15%).

 

NON-AERONAUTICAL REVENUE UP +21.34%

The key non-aeronautical revenue figure registered an increase of Bht.3,830.02m or 21.34% due to fast rising numbers of flights and passengers.

 

 

As a result of these influences, total aeronautical revenues for the year were Bht.29,187.67 accounting for 57% of all revenues, while non-aeronautical revenues accounted for the balance at Bht.21,774.28.

 

As a proportion of non-aeronautical revenues, concession revenues (as a whole) fell by 2% from 65% to 63%between 2015 and 2016. However, revenue sharing between AOT and duty free concessionaire King Power International Group (KPIG) increased by Bht.934.63m.

 

 

TOTAL PAX REACHED 119.9M AT ALL SIX AIRPORTS

Looking at passenger traffic over the same period, passengers at the six airports under AOT took a total of 776,922 flights, corresponding to a 9.83% rise compared to the same period last year.

 

This broke down into 402,721 international and 374,201 domestic flights. The total number of passengers handled at all six airports was 119.92m, a 12.30% rise compared to the same period last year. International passengers accounted for 68.06m, while domestic flights handled another 51.86m.

 

Commenting on the general environment, AOT was positive: “The overall aviation industry of Thailand during October 2015 to September 2016 improved, compared to the same period last year, because the domestic political situation is stable, together with the impact of the fuel prices drop.

 

“Furthermore, the government’s policy to stimulate tourism both domestically and internationally led to an increase in tourists – especially Chinese visitors – showing a significant impact on Thailand’s tourism industry.

 

“In addition, the expansion of low-cost airlines, with their competitive pricing, increased new demand of air travelling for [the] middle-income group. All of these were factors in the positive results for both the aviation industry and the overall domestic economy.”