AUSTRALIA Brisbane Airport Corporation (BAC) grew its retail revenues by +6.8% in FY 2011 (1 July 2010–30 June 2011), the company has announced in releasing its annual report.
Retail revenues advanced to A$58.3 million (US$60.6 million) from the A$54.6 million (US$56.7 million) recorded in 2010.
The figure incorporates concessionaire rent, other charges received and advertising revenue.
Landside transport revenues, which represent public and staff car parks, ground facilities fees and car rental operators, rose to A$84.6 million (US$87.9 million) from A$81.2 million (US$84.4 million) in 2010 — a +4.2% rise.
FY2011 saw Brisbane break the 20 million passenger mark across its international, domestic and transit operations, helped by the injection of 1.4 million seats by various airlines and underpinned by a strong demand for seats from the business sector.
 |
“BAC made a profit of A$154.6 million [US$160.8 million] after tax, which is a reflection of the company’s strength during difficult times,” said Chairman Bill Grant.
“The airport saw 20 million passengers through the terminals — a record, despite world and local turmoil — continuing the strong and sustained role the airport is playing in generating jobs, investment and opportunity for Queensland.”
The airport’s performance was helped by the new A$43 million (US$44.7 million) Domestic Terminal Common User Satellite expansion, which introduced new food & beverage facilities as well as an increase in passenger gate lounges from two to seven.
The Nuance Group is the airport’s duty free concessionaire.
