
THAILAND. Airports of Thailand (AoT), operator of six international and four regional airports, has revealed its financial results for the nine months to the end of June 2023. As recovery from the COVID-19 pandemic gathers momentum in the country, they show that non-aeronautical revenues soared +188.1% year-on-year to Bt16,821.3 million (US$478.7 million).
The result was achieved from total nine-month revenues of Bt 33,109.64 million (US$942.2 million), up +190.3%.

AoT airports served 74.39 million passengers across the first three quarters of the financial year, up +153.7% year-on-year. The split was 38.9 million international and 35.49 million domestic passengers.
Rising passenger numbers drove concession revenues for the nine-month period to Bt9,312.3 million (US$265 million), an increase of +307.8% year-on-year. Meanwhile, concession revenues in the latest quarter (April-June 2023) reached Bt4,168.68 million (US$118.63 million), an increase of +245.2%, underlining the accelerating rate of recovery across Thai airports.

AoT noted that the strong concession revenue results were driven by major contributions from duty free, commercial trade and advertising revenues. King Power International Group is the key contributor through its duty free and other commercial contracts across the AoT airport network.