Car Parking and Rental
Strong commercial revenues among key drivers for Perth Airport FY24 profit rise
Net profit after tax increased +13.59% against the previous financial year with year-on-year increases in revenue across all airport operations, including retail, food & beverage and car parking.
Retail spend per passenger continued to grow year-on-year in the period. The company has also made two acquisitions in the Retail and Services segment, one of them an operator of hospitality services at US airport terminals.
The rise in retail income, which includes retail concessions and car parking, outstripped passenger growth of +6.2% to 63.1 million in the period.
We pay a visit to Western Sydney and to Australia’s newest airport, where management is promising to surprise and delight travellers with a memorable commercial offer when operations begin in late 2026.
Brisbane Airport Executive General Manager Commercial Martin Ryan and Head of Commercial Property Development Toby Innes discuss the changes that lie ahead at the airport and the vision that underpins them.
From 24 September passengers arriving at Sydney Airport T1 will be able to book an Uber trip on their smartphone and walk to the dedicated pick-up zone located 20m from the terminal doors.
The ROI follows hot on the heels of the 29 August release of a much-anticipated tender for a duty-free retail partner at WSI.
Passenger traffic at Amsterdam Airport Schiphol edges ever closer to pre-pandemic 2019 levels but airside spending levels, especially on shopping, have been hit by building work designed to transform Lounge 1’s consumer offer.
“We are pleased to support the airport industry’s premier global commercial revenues event, The Moodie Davitt Report’s Trinity Forum again in 2024” – CAVU CEO Martin Jones
Retail revenue was the star of the show as Gatwick Airport turned in a strong first-half financial performance, the +25.1% year-on-year rise outpacing solid +7.7% passenger growth.
Retail income per passenger rose by an encouraging +21% year-on-year to NZ$10.16 (US$6.25), outstripping strong passenger growth. An announcement on the current tender for a single duty-free retailer is expected next March.
Copenhagen Airports attributed a +6% rise in concession revenues to increased traffic but said the positive impact was partially offset by the closure of some food & beverage outlets and specialty shops due to the T3 expansion. Nonetheless, CEO Christian Poulsen painted an upbeat picture, noting: “The terminals are teeming with activity.”
Airports of Thailand continues its strong commercial revenues and traffic recovery after the devastating impact of the COVID-19 pandemic years.