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Retail sales spark 11% revenue growth at HKIARetail sales spark 11% revenue growth at HKIA
Andrew Pentol
26-Jun-2008
Retail sales and expanding air traffic contributed to the increase
Hong Kong International airport (HKIA) has announced that higher retail sales contributed to an increase in revenue of 11% to $8.6m for the fiscal year ending March 31. Passenger traffic at HKIA increased by 8% to 48.9m with air traffic movements growing 6% to 300,000. Retail licences revenue increased 15% to $2.4m as a result of higher passenger spending and new sources of advertising income.
Airport authority executive director finance and investment Raymond Lai Wing-chueng said: “With annual passenger traffic approaching 50m, HKIA is at a critical point in its development. We remain committed to making the airport bigger and better in a cost-effective manner that will maximise the value for our shareholders. As our new facilities become fully operational and reach optimum usage levels, we are confident that HKIA will maintain sustainable growth in profitability.”
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