Airport Authority Hong Kong, 9.3% year-on-year revenue increase in September 2014

Airport Authority Hong Kong (AAHK) today announced its unaudited interim financial results for the six months ended 30 September 2014. Revenue increased 9.3% over the same period last year to HK$8,018 million.

In the first half of fiscal 2014/ 2015, Hong Kong International Airport (HKIA) handled a total of 32.1 million passengers, 2.19 million tonnes of cargo and 196,000 flight movements, representing year-on-year increases of 5.5%, 7.4% and 4.8% respectively.

Fred Lam, Chief Executive Officer of AAHK, said, “The satisfactory first-half results were due to steady growth in air traffic, prudent financial control over expenses and increasing passenger spending. Because air traffic volume at HKIA is growing at a faster-than-expected rate, we have been working on a number of projects, including the West Apron and the Midfield, to ensure that the airport is well equipped to meet its anticipated medium-term demand.”

Announced in 2012, the HK$2.2 billion West Apron development is designed to meet rising demand for aircraft parking spaces due to growing air traffic, continuous fleet expansions by airlines and the introduction of new types of aircraft. It is expected to be completed at the end of 2014, on schedule and within budget. It will offer 28 new parking stands, four of them serving new aircraft types with longer fuselages such as the A380 and B747-8.

The five-level Midfield Concourse, located west of Terminal 1, is a core part of HKIA’s Midfield Development. The concourse will be equipped with 20 new aircraft parking stands. Begun in 2011, the construction is expected to be completed by the end of 2015.

During the period under review, 1.43 million passengers using SkyPier, while close to 1 million passengers travelled between HKIA and the Pearl River Delta region by coach and limousine. Also, a new daily record for cross-boundary traffic was set during the National Day Golden Week in early October.

The 2014/ 2015 interim financial results were reviewed by an independent auditor and approved by the Board of the Airport Authority.

Source and image: HKIA