THAILAND. Airports of Thailand’s (AOT) non-aeronautical revenues for the three- and nine-month periods ended 30 June fell by -7.96% and 5.56%, respectively to THB7,258.67 million (US$219 million) and THB 23,863.54 million (US$720 million).
The declines were driven by decreases in concessions revenues – 14.12% for the quarter and -10.35% for the nine-months (see tables).
Airports of Thailand operates six airports in Thailand, led by Suvarnabhumi and Don Mueang International in Bangkok, Chiang Mai International, Hat Yai International Phuket International and Mae Fah Luang Chiang Rai International.
Non-aeronautical revenues lagged passenger growth of +1.84% to 99.03 million (60.24 million international passengers and 38.79 million domestic) for the nine-month period.
Flight numbers edged ahead by +0.61% to 605,838 (340,118 international and 265,720 domestic).
AOT said it still faces significant challenges for the remainder of the financial year. “The ongoing conflict in the Middle East has significantly impacted airlines’ fuel costs and led to higher ticket prices,” the company said.
“This has affected passenger travel and some airlines have canceled flights. To mitigate these impacts, AOT has implemented an incentive scheme project for slot management at six airports.”
Those incentives involve heavy discounts on landing, parking and boarding bridge charges.
The weaker concession performance follows changes to AOT’s concession structure.
On 3 December, the airport company announced amendments to its duty-free concession agreements with anchor tenant King Power Duty Free following Board-approved measures aimed at addressing financial challenges affecting the retailer’s operations across Thai airports. ✈
