BANGKOK, Thailand – Airports of Thailand (AOT) has reported strong financial results for Q1 of fiscal year 2025, which is from October to December 2024. Net profit attributable to shareholders reached 5.34 billion baht, a 17.12% increase from the same period last year. Total net profit stood at 4.56 billion baht, driven by higher passenger numbers and increased flight activity.
Revenue from sales and services grew by 12.45%, adding 1.96 billion baht to total earnings. Aviation-related revenue saw a 24.41% increase, while non-aviation revenue rose by 2.65%. The boost in earnings was largely due to higher passenger service fees and airport charges. Outbound passenger fee revenue alone jumped by 27.99%, contributing 1.54 billion baht. Total flight movements across AOT’s six airports expanded by 14.78%.
Despite increased revenue, total expenses rose by 11.73%, primarily due to higher employee benefits, depreciation, outsourcing, and maintenance costs. However, financial costs declined by 9.40%, while income tax expenses rose by 23.23%, aligning with overall profit growth.
AOT operates six major airports in Thailand, which are Suvarnabhumi, Don Mueang, Chiang Mai, Hat Yai, Phuket, and Mae Fah Luang-Chiang Rai. These airports serve 140 airlines, including 128 passenger and cargo airlines and 26 dedicated cargo carriers.
Between October and December 2024, total flight movements reached 204,549, marking a 14.78% year-on-year increase. International flights accounted for 117,333, while domestic flights totaled 87,216. Passenger traffic rose by 16.41%, reaching 33.62 million travelers. This included 20.85 million international passengers and 12.77 million domestic travelers.
Thailand’s tourism recovery played a significant role in AOT’s strong performance. (NNT)
