Airports of Thailand (AoT) is usually expecting to see massive profit growth within 2024 — as much as double that posted in 2019 — as long as China falls its strict travel restrictions, which will help provide global aviation requirement back to pre-pandemic amounts.
The particular forecast was revealed yesterday by AoT president, Nitinai Sirismatthakarn, at a forum held to discuss the agency’s preparations to encouraged more businesses as the aviation and other associated sectors begin to recover.
According to the forecast, demand for flights will highly rebound in the next financial year, with AoT expecting the number of travellers to reach 66% associated with pre-pandemic levels.
Prior to the pandemic, about 140 million travellers passed through 6 airports managed by the AoT — namely Suvarnabhumi and Add Mueang airports in Greater Bangkok, Chiang Mai, Phuket, Head wear Yai and Mae Fah Luang airport in Chiang Rai.
As soon as China eases the strict travel restrictions, the AoT can see its profits grow by 100% from 2019 levels in 2024, or up to about 26 billion dollars baht.
In a bid to further boost passenger encounter, the AoT may soon launch a brand new satellite terminal in Suvarnabhumi airport, that could accomodate 15 mil passengers per year. The newest terminal, dubbed SAT1, will bring the airport’s annual passenger managing capacity to sixty million people, he said.
SAT1, with a space on the floor of 216, 500 square metres, may have 28 aircraft car parking bays. It will be furnished with the latest technology to make the boarding process more effective, he said, observing the AoT needs to adapt to the modifying demands of surroundings passengers.