THE Civil Aeronautics Board (CAB) reported P59.45 million income for 2003, 9% or P4.94 million more than the P54.51 million generated in 2002 (see table). Last year’s income also overshot by 6.48% the target of P55.84 million.
“Our revenues are mostly from filing fees including new registration and renewal, penalties and a large part of it from the government,” the agency said. The growth came despite a significant decline in income for the months of February, April, May and November (36%, 34%, 43% and 33%, respectively) due to the effects of the Severe Acute Respiratory Syndrome. “A number of airlines have either cut or ceased their operations around that time. So there were very few renewals and new registrations,” the agency said.
In August, CAB recorded the biggest increase in income at P8.28 million, 105% more than 2002’s P4.03 million. September, November and December also registered positive growth at 52%, 49% and 48%. “This is an indication that the aviation industry is really starting to regain its momentum,” CAB noted.
This year, CAB has the following priorities: strengthening the agency economic aspect of air transportation function; revision of economic regulations; preparation for e-commerce environment; liberalization of the aviation industry; improvement of working facilities and premises; and human resource training and development.
| CIVIL AERONAUTICS BOARD TOTAL INCOME COLLECTED (In Philippine Peso) |
|||
|
Month
|
CY
2003* |
CY
2002* |
Inc
/ Dec |
|
January
February March April May June July August September October November December |
3,730,000.00
3,381,045.00 5,619,290.00 3,308,635.00 2,766,080.00 4,102,790.00 5,456,735.34 8,287,478.67 5,549,512.00 7,367,045.34 4,322,952.00 5,568,212.00 |
3,408,389.00
5,327,114.80 4,473,530.00 5,012,460.00 4,841,900.00 3,324,660.00 5,283,530.00 4,037,440.00 3,640,706.00 4,938,060.00 6,452,850.00 3,775,050.00 |
9%
-36% 27% -34% -43% 23% 3% 105% 52% 49% -33% 48% |
|
TOTAL
|
59,459,775.35
|
54,515,689.80
|
9%
|
* Refund not included
Source: Civil Aeronautics Board
