Home » Aviation, Breaking News » Revenue, profit growth for HKIA in first half

Hong Kong International Airport (HKIA) saw revenue rise 8 percent to HK$6.4 billion (US$825 million) and profit by 13.1 percent to HK$2.75 billion in the first half of the fiscal year 2012/2013 from the same period in 2011/2012.

Airport Authority Hong Kong (AAHK) said all traffic volumes at HKIA reported growth from April to September 2012, with cargo throughput expanding by 2.1 percent over the same period a year ago.

Although AAHK attributed the improvements in both revenue and profit largely to the growth in passenger traffic and aircraft movements, it also pointed out the notable rebound in cargo traffic.

“While all three categories saw growth during the period, it is especially worth noting that cargo throughput rebounded despite the persistently challenging economic situations in Europe and the US,” said Stanley Hui Hon-chung, chief executive officer of AAHK.

He added that they remain “cautiously optimistic about cargo throughput for the rest of the fiscal year.”

On the airport’s full-year performance, William Lo Chi-chung, executive director for finance, warned that results might be affected by increases in expenses needed to refurbish facilities, sustain service levels, and increase handling capacity.

 

Photo: Benson Kua

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