A significant rise in passengers numbers at the six major international airports overseen by Airports of Thailand was the main driver in its non-aeronautical revenues for the second quarter (ending 31 March 2018), which increased by 11.37%.
This figure was generated from total non-aeronautical revenues of THB7.02bn ($218.7m) and represents 43% of the group’s income.
Aeronautical revenues, meanwhile, rose 11.19% to THB9.3bn.
Concession revenues, which come primarily from King Power International Group’s duty-free and related businesses, accounted for 64% of non-aeronautical income and were up by 14.5% to THB4.45bn.
Low-cost airline growth
The passenger numbers for Airports of Thailand’s airports increased by 10.33% to 72.39 million, made up of 41.80 million international passengers and 30.59 million domestic passengers.
The company said that the main factors in the rise of passenger numbers were the rapid expansion of low cost airlines and the International Civil Aviation Organization’s removal of Thailand from its list of significant safety concerns on 6 October last year.
A statement from Airports of Thailand said: “The overall aviation industry of Thailand during October 2017 to March 2018 has improved compared to the same period last year.
“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.”
The six international airports under Airports of Thaliand’s jurisdiction are Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, Hat Yai and Mae Fah Luang-Chiang Rai.