THAILAND. Airports of Thailand (AOT) – operator of the six main Thai international airports – has reported a +68.73% year-on-year increase in concession revenues to Bt605.7 million (US$17.46 million) for its second quarter ending 31 March.
The airport operator attributed the improved performance (from a very low, COVID-affected base) mainly to a rise in duty free, commercial trade, ground service maintenance and equipment concession revenues.
Total non-aeronautical revenues for Q2 reached Bt1,769.91 million (US$50.4 million), an increase of Bt564.68 million (US$16.28 million) or +46.85% compared to the corresponding period last year.
In the overall results for Q2, AOT’s net loss was Bt3,276.46 million (US$94.44 million). Operating results increased by Bt367.62 million (US$10.6 million) or +10.09% year-on-year) compared to the prior year.
Total revenues increased by Bt1,496.11 million (US$4.31 million) or +73.06% and total expenses increased by Bt826.73 million (US$23.83 million) or +14.06%.
During the six-month period ended 31 March, the air traffic volume of the six airports under AOT’s responsibility reached 164,386 flights, a year-on-year decrease of -1.76%. This number was made up of just 50,739 international flights and 113,647 domestic flights.
The total number of passengers in H1 reached 15.85 million, an increase of +0.46% compared to the prior year.
AOT noted that the Thai Government is gradually easing the restrictions for those entering Thailand, even though local COVID cases remain high. It also noted the country’s gradual move to coexist with COVID-19 to drive the economy.
AOT noted that it has been aware of the impact of the COVID-19 pandemic on the operation and liquidity of its concessionaires and airline trading partners.
As a result, AOT has continuously imposed measures help maintain their operations, recognising their importance in the aviation supply chain.
Specifically, at the AOT Board of Director’s meeting on 25 November last year, measures were approved to support the business of airlines and concessionaires by extending the period of assistance measures from 31 March 2022 to 31 March 2023.
The concession period for concessionaires operating commercial activities at the six airports under AOT’s responsibility were also extended for another year from the end date of the existing concession period.
