THAILAND. Airports of Thailand (AOT) today reported full-year results for the year to 30 September, with non-aeronautical revenues sliding by -47.6% to Bt14,553.41 million (US$478 million) due to the COVID-19 crisis.
Concession revenues fell by -53.3%, hitting Bt8,164.77 million (US$269 million). The company said the decline in income from duty free and other commercial services was a key factor.
The total number of passengers handled by the six AOT airports was 72.64 million, a -48.8% decrease compared to last year. That includes 37.49 million international passengers and 35.15 million domestic passengers.
A strong first quarter meant that the company still recorded a full-year net profit of Bt4,298.54 (US$141 million), though this was down by -83% on 2019. Total revenue for the group fell by -48.5% year-on-year.
As reported, AOT recently extended the period of relief for concessionaires and airlines amid the continuing COVID-19 crisis. The extension, which includes an exemption from office and state property rents, terminal and building service charges and fixed monthly concession charges, covers AOT locations Bangkok Suvarnabhumi, Bangkok Don Mueang, Phuket, Chiang Mai, Hat Yai and Mae Fah Luang-Chiang Rai. It also extended the long-term commercial contracts won last year by King Power International Group and its subsidiaries by a year until 31 March 2032.
