THAILAND. Airports of Thailand (AOT) has reported a +2.7% rise in non-aeronautical revenues for the three months ended 31 December 2024 to Bt8,859 million (US$263.3 million).
Concession revenues climbed by +2.2% to Bt5,641 million (US$168 million) in the quarter and accounted for 64% of non-aeronautical revenues.
Both figures in financial Q1 were well below that of passenger traffic, which increased by +16.4% year-on-year to 33.6 million across the network, including 20.8 million international passengers.
Non-aeronautical activities accounted for 50% of income at the six Thai airports managed by the company in the period, with total revenue hitting Bt17,906 million (US$532.6 million), up +13% year-on-year. Net profit for the group climbed by +17.7% to Bt5,511 million (US$163.8 million).
Click here for our related story on AOT’s share price slump and its response to claims that leading commercial concessionaire King Power is facing liquidity problems that may prompt additional adjustments to its contract terms.✈
