Airport operator has wings

Quick Summary:

Airports of Thailand (AOT), the world's largest airport operator in terms of market capitalisation, has returned to the spotlight this year as the reopening of borders to tourists has led to skyrocketing passenger arrivals.

"AOT will be a prime beneficiary of continued improvements in its aero- and non-aero business segments, although the performance in 2023 is expected to be lower than the pre-Covid level," KGI said in a recent report.

Despite waiving the minimum guarantee (MG) until March 2023 and changing its calculation scheme to a sharing per head basis for concession contracts, FSSIA expects AOT to collect an MG amount equivalent to the amount King Power proposed by 2025.

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Article Details

Category: Economy

Markets: ThailandIndiaIndonesiaMyanmarSaudi Arabia

Topics: Profit Passenger International Thailand Airports Baht 2023 Year Suvarnabhumi Airport Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-03 @ 04:11:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #215 (out of 6444 stories this day)

News Source URL: bangkokpost.com

Language: English

Article Length: 1236 words

Reading Time: 7 minutes read

Sentences: 53 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 2112216

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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News Last Updated: 3 hours ago

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Publisher ID: #66

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