The airline posted its full-year results for 2023, recording profits of US$394 million driven by a +40% increase year-on-year in passenger numbers.
Revenues
“Our objective over the next three years is to become the number one destination merchandise brand in global travel retail, both in the jewellery and souvenir categories in the airport, cruise, and wider travel retail industry.” So says the upbeat leader of a huge but largely unsung travel retail success story.
Profits reached BD4.287 million (US$11.38 million) for the year, though total comprehensive income for the period decreased by -24% year-on-year.
TAV Airports, a member of Groupe ADP, generated a +25% increase in revenues year-on-year for 2023 to €1.3 billion with commercial sectors – duty free, food & beverage and lounge services – all to the fore.
VIETNAM. Leading food & confectionery company Nestlé has once again signed as a Platinum Partner for The Trinity Forum 2024, which takes place in Ho Chi Minh City, Vietnam on 5-6 November. The company, a long-time supporter of the event and deeply committed to the Trinity principles of greater cooperation and understanding between stakeholders, was […]
This year’s Trinity Forum will see an unprecedented involvement by airports and airport groups worldwide, underlining the increasingly vital role commercial and wider non-aeronautical revenues play in the aviation industry.
In this extensive video, we tour Heathrow T2 in the company of Retail Director Fraser Brown, and discuss consumer spending, brand arrivals (including a new Louis Vuitton store) and headwinds facing the business.