Airports of Thailand revenue hit as pandemic takes its toll

[webfact]

 

By Chris Madden in Financial News

 

Revenue across the business fell 79% year-on-year in the 9 months to June

 

Airports of Thailand saw revenue across its business fall 79% year-on-year to 6.363bn Baht ($494.6m) in the nine months to 30 June 2021.

 

The drop was reflected in an 85.9% year-on-year fall in concession revenue for the period, as it dropped from 7.722bn Baht to 1.082bn Baht.

 

The figures show slightly better for the last quarter, with total revenue for the three months to 30 June 2021 seeing revenue increase from 0.09% year-on-year from 1.739bn Baht in 2020 to 1.897bn Baht in 2021. Concession revenue for the third quarter was 365m Baht, which reflected a 0.07% increase on 2020.

 

Full story: https://www.dfnionline.com/latest-news/airports-thailand-revenue-hit-pandemic-takes-toll-12-08-2021/

 

-- © Copyright DFNI FRONTIER 2021-08-13

 

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[it is what it is]

 

another consequence of the slow vaccination programme, airports in europe are gearing up and getting back into business. it must be so frustrating for businesses

[ThailandRyan]

Only money they are making is from limited flights and from who else, workers at the airports?

[sezze]

19 minutes ago, ThailandRyan said:

Only money they are making is from limited flights and from who else, workers at the airports?

Parked planes , import and export by air ,

Airports do more then just travel tourists , and while that is nearly completely out , any parked plane has to pay a parking fee ( always have been like that ) and import and export of goods also do bring in some cash .

[DaveSamutP]

Going to be a tough time for Thai tourism for a few years. 

 

It's easy to forget that Thai airways also is under a mountain of debt and a restructuring arrangement. 

 

Many tourist businesses have shuttered and lost everything. 

 

It's a good 5 years to any serious recovery. 

[hotchilli]

Thanks to the governments handling of the Covid pandemic industry ha lost billions of not more.

While most countries are well on their way with vaccination programmes and opening up Thailand is still in a downward spiral.

[spidermike007]

There is a very strange principal in the business world known as lack utilization. When facilities are not used, they do not generate money. Rocket science stuff. Hello! 

 

When you sabotage an industry sufficiently, it will cease to generate capital. 

 

[sapson]

Stating the blindingly obvious is a news item.

 

What next a breaking news scoop tourism is down 97% this year and corruption is endemic?

 

 

 

 

 

[khunPer]

8 hours ago, it is what it is said:

 

another consequence of the slow vaccination programme, airports in europe are gearing up and getting back into business. it must be so frustrating for businesses

Those European airports I'm interested in stats from rather mentions around 20 percent of passenger compared to same period before Covid-restrictions - but yes, an increase compared to last year, however far from making business; airports are at the moment operated with loss - huge losses.

[RichardColeman]

I seriously dread what the price of an already expensive Burger King meal in departures will rise to to cover the lost passing tourist revenue. 

 

 

Edited August 13, 2021 by RichardColeman

[natway09]

So this is news ?

Just about every business tourist related is affected.

Our business income since January 3      NIL

[bangon04]

16 hours ago, DaveSamutP said:

Going to be a tough time for Thai tourism for a few years. 

 

It's easy to forget that Thai airways also is under a mountain of debt and a restructuring arrangement. 

 

Many tourist businesses have shuttered and lost everything. 

 

It's a good 5 years to any serious recovery. 

Judging by many comments on this forum - if Thailand abolished quarantine for fully vaccinated tourists the industry would bounce back tomorrow.........

[Knocker33]

On 8/13/2021 at 3:57 AM, it is what it is said:

 

another consequence of the slow vaccination programme, airports in europe are gearing up and getting back into business. it must be so frustrating for businesses

It's frustrating for everyone. I have flight booked for 1st September but I have no idea if it will be cancelled or what. Doesn't give me anytime to book alternative transport if it is

[tomacht8]

The figures show slightly better for the last quarter, with total revenue for the three months to 30 June 2021 seeing revenue increase from 0.09% year-on-year from 1.739bn Baht in 2020 to 1.897bn 

 

+ 0.09%. A passenger must have bought a carton more cigarettes as usual.

 

[sanuk711]

I wonder how "King Power" is doing---even though they have taken a double hit--- their huge investment in the Foxes ,

They still issued a press release this month saying that they will spend Millions £ expanding

their stadium, adding a 220 room hotel with shopping ,etc etc.

[jacko45k]

On 8/13/2021 at 12:41 PM, RichardColeman said:

I seriously dread what the price of an already expensive Burger King meal in departures will rise to to cover the lost passing tourist revenue. 

 

 

Might as well book Biz Class and get the snacks and a beer in the lounge. 

[MrJ2U]

Its very hard to feel sorry for anyone connected to AOT.

 

It's another bloated Thai company with over 6000 employee doing nothing but collecting check's and enjoying free flights.