THAILAND. Airports of Thailand today posted a +39.06% year-on-year rise in Q3 concessions revenues to THB5,796.92 million (US$166.11 million), outstripping a +16.0% year-on-year passenger traffic increase (domestic and international; arriving, departing and transit) to 28.92 million.
Passenger traffic at Suvarnabhumi Airport in Bangkok rose +22.3% year-on-year in the three-month period ended 30 June to 14.6 million with international volume up +29% to 11.8 million.
Airports of Thailand manages Suvarnabhumi and Bangkok International airports in the Thai capital and four regional gateways (Phuket, Chiang Mai, Hat Yai and Chiang Rai). Total non-aeronautical revenues across that network rose +24.26% in the quarter to THB8,573.7 million (US$245.7 million).
For the first nine months, AoT non-aeronautical revenues soared +60.98% to THB27,078.58 million (US$775.91 million). AoT noted the main contributions in this rise were duty free, commercial trade, advertising and airline lounge concession revenues.
During the same period passenger traffic across the AoT network rose +21.17% year-on-year to 90.14 million.
Total Q3 revenues for the airports group reached THB16,690.35 (US$478.25 million), up +26.86% year-on-year, with net profit at THB4,617.99 million (US$132.32 million).
Future AoT revenues are set for a negative impact after the Thailand Ministry of Finance scrapped arrivals duty-free shopping across the country’s airports from the beginning of this month. Read our story here. ✈
