THAILAND. Airports of Thailand (AoT) today reported first-quarter results (to 31 December 2023), with non-aeronautical revenues reaching Bt8,630.98 million (US$240.1 million), up +92.96% year-on-year, as the business continues its strong recovery.
The improved performance was partly driven by first-quarter concession revenues, including retail, food & beverage, advertising and lounges. This delivered Bt5,521.35 (US$153.5million), an increase of +139.5 year-on-year.
The non-aeronautical revenue growth far outstripped Q1 passenger performance. The airports under AoT’s jurisdiction served 28.88 million passengers during the period, a rise of +25.49% against the comparable quarter of the previous year.
Total revenues for the airports group in Q1 reached Bt15,707.64 million (US$437 million), up +78.1% year-on-year, with net profit at Bt4,682.24 million (US$130.28 million). 
