Airports of Thailand posts +14.5% increase in Q2 concession revenues

THAILAND. Airports of Thailand generated THB7,016.34 million (US$219.7 million) in non-aeronautical revenues for the second quarter ended 31 March 2018, up +11.37% and representing  43% of group income.

Aeronautical revenues rose +11.19% to THB9,300.43 million (US$291.2 million).

Concession revenues (mainly from King Power International’s duty free and related businesses) made up 64% of non-aeronautical income, and surged +14.5% to THB4,454.64 million (US$139.5 million).

Non-aeronautical revenue
Source: Airports of Thailand

Passenger numbers at the six airports controlled by the airport group rose by +10.33% to 72.39 million, comprising 41.80 million international passengers and 30.59 million domestic passengers. Airports of Thailand did not split passenger growth by international and domestic routes.

“The overall aviation industry of Thailand during October 2017 to March 2018 has improved compared to the same period last year,” said Airports of Thailand. “This is in line with growth in the tourism sector. Support from the Thai government for tourism makes Thailand an attractive destination to tourists. As a consequence, the number of tourists travelling to Thailand increased, especially Chinese tourists.”

King Power International’s strong performance at Suvarnabhumi Airport contributed a large share of non-aeronautical revenues

Airports of Thailand also noted the rapid expansion of low cost airlines, which benefits passengers due to cheaper air fares and the diversity of flight distribution. It also said the International Civil Aviation Organization’s  (ICAO) removal of Thailand from its list of significant safety concerns on 6 October 2017 had been a positive influence.

Operating results for the three-month period ended 31 March 2018
Source: Airports of Thailand
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