webfact Posted August 12, 2021 Share Posted August 12, 2021 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 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
it is what it is Posted August 12, 2021 Share Posted August 12, 2021 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 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 12, 2021 Share Posted August 12, 2021 Only money they are making is from limited flights and from who else, workers at the airports? 1 Link to comment Share on other sites More sharing options...
Popular Post sezze Posted August 12, 2021 Popular Post Share Posted August 12, 2021 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 . 3 Link to comment Share on other sites More sharing options...
DaveSamutP Posted August 13, 2021 Share Posted August 13, 2021 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. 2 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted August 13, 2021 Popular Post Share Posted August 13, 2021 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. 3 Link to comment Share on other sites More sharing options...
spidermike007 Posted August 13, 2021 Share Posted August 13, 2021 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. 2 Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted August 13, 2021 Share Posted August 13, 2021 3 hours ago, ThailandRyan said: Only money they are making is from limited flights and from who else, workers at the airports? mama cup sales from 7-11 in basement level 1 Link to comment Share on other sites More sharing options...
sapson Posted August 13, 2021 Share Posted August 13, 2021 Stating the blindingly obvious is a news item. What next a breaking news scoop tourism is down 97% this year and corruption is endemic? 1 1 Link to comment Share on other sites More sharing options...
Popular Post khunPer Posted August 13, 2021 Popular Post Share Posted August 13, 2021 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. 3 Link to comment Share on other sites More sharing options...
RichardColeman Posted August 13, 2021 Share Posted August 13, 2021 (edited) 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 1 Link to comment Share on other sites More sharing options...
natway09 Posted August 13, 2021 Share Posted August 13, 2021 So this is news ? Just about every business tourist related is affected. Our business income since January 3 NIL Link to comment Share on other sites More sharing options...
bangon04 Posted August 13, 2021 Share Posted August 13, 2021 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......... 1 1 Link to comment Share on other sites More sharing options...
Knocker33 Posted August 14, 2021 Share Posted August 14, 2021 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 Link to comment Share on other sites More sharing options...
tomacht8 Posted August 14, 2021 Share Posted August 14, 2021 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. Link to comment Share on other sites More sharing options...
sanuk711 Posted August 14, 2021 Share Posted August 14, 2021 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. Link to comment Share on other sites More sharing options...
jacko45k Posted August 14, 2021 Share Posted August 14, 2021 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. Link to comment Share on other sites More sharing options...
MrJ2U Posted August 14, 2021 Share Posted August 14, 2021 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. Link to comment Share on other sites More sharing options...
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