Airports of Thailand concession revenues climb sharply in first quarter

THAILAND. Airports of Thailand (AoT) concession revenues climbed by +18.85% year-on-year in the airport group’s first financial quarter to 31 December 2015. Revenues from this segment hit Bt3.2 billion (US$90 million) and were the major driver of non-aeronautical income in the period. Crucially, noted AoT, its revenue share from duty free shops grew by Bt255.92 million (US$7.2 million).

Non-aeronautical revenues (of which concession revenues were 64%) leapt by +16.9% to Bt4.98 billion (US$139 million). Total group revenues climbed by +9.8% to Bt12.1 billion (US$342 million).

The total number of passengers handled by AoT’s six airports in the quarter was 28.93 million, a rise of +11.69% compared to the same period last year. It comprised 16.17 million international passengers and 12.76 million domestic passengers.

How non-aeronautical revenues broke down in the period

In addition, AoT opened Terminal 2 at Don Mueang International Airport for domestic flights on December 24 to support the increasing numbers of passengers.

AoT said: “The overall aviation industry of Thailand from October 2015 to December 2015 grew sharply compared to the same period last year because the domestic political situation is more stable and [through] the government’s policy to stimulate the economic and encourage the people to more spending.

“In addition, the policy to stimulate tourism both domestically and internationally led to an increase in tourists, especially Chinese visitors. The expansion of low cost airlines, with their competitive pricing, increased demand for air travel for middle-income groups. All of these were factors in the positive results for both the aviation industry and the overall domestic economy.”

The airport’s revenue from duty free shops, managed by King Power, climbed in the quarter
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