By Chris Madden in Asia/Pacific, Financial News, Latest News, Regions

 

The company has delivered regular measures to assist concessionaires during the pandemic

 

Airports of Thailand (AOT) reported a 79% drop in concessions revenue for the last six months.

 

The figures, for the period of October to March, showed the company’s six airports recording revenue of 2.491bn Baht ($79.5m), this marks a 79.67% drop on the previous year.

 

The figures for the last quarter are equally challenging, with a 76.6% reduction in concessions revenue year-on-year.

 

The amount which concessions revenue contributed to the business was also reduced during the period. In the last quarter, concessions revenue accounted for 30% of AOT’s non-aeronautical revenue, in the same quarter last year it accounted for 58%.

 

Full story: https://www.dfnionline.com/latest-news/airports-thailand-concession-revenue-drops-79-13-05-2021/

 

-- © Copyright DFNI Online 2021-05-14

 

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Edited May 13, 20215 yr by nkg

I don’t get it?  Why would they throw Farang in jail for being in airport shops ?

What a tragic consequence of Covid.  The poor AOT is loosing money.  What about the others outside of the airports like restraunts and businesses that have closed.  Why should AOT be spared closing and shutdown.  Time for them to be bailed out like Thai Airways.

Their prices have been about 79.6 % higher than what they should be...so they should be breaking even

The Chidchob Faction money machine has dried up.

47 minutes ago, ThailandRyan said:

What a tragic consequence of Covid.  The poor AOT is loosing money.  What about the others outside of the airports like restraunts and businesses that have closed.  Why should AOT be spared closing and shutdown.  Time for them to be bailed out like Thai Airways.

 

Agree. I'm also SUPER concerned for King Power. I really hope it's doing ok.

9 minutes ago, Fex Bluse said:

 

Agree. I'm also SUPER concerned for King Power. I really hope it's doing ok.

Hopefully they will win the FA cup on Saturday ????

17 minutes ago, Fex Bluse said:

 

Agree. I'm also SUPER concerned for King Power. I really hope it's doing ok.

I walk by their large building on Rama III almost daily and it is like a Ghost town.

Hard to see where the other 21% is coming from?  Staff discounts?

I can't help but conceal a smile. Karma in action.

Of all the troubled businesses that I'm sorry for, King Power is WAY down the list.  After all the negative publicity, I was always crateful to walk widely around their shops.

2 hours ago, mikebell said:

Hard to see where the other 21% is coming from?  Staff discounts?

Exports? Lol

Whilst I agree that those at the top of the AOT concession pyramid deserve scant sympathy. It is important to remember that the bulk of the employees (and those employed in the support service roles) are regular Joes, like you, I and the rest of the population. And it those people that bear the brunt of the economic fallout of this pandemic. Not the execs and shareholders in their ivory towers. 

Only 79%?

10 hours ago, Fex Bluse said:

 

Agree. I'm also SUPER concerned for King Power. I really hope it's doing ok.

yes it is KING POWER that we feel the most sympathy for. Such a national icon.