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AP I, II post double-digit growth on higher traffic
State-owned airport operators Angkasa Pura (AP) I and AP II posted double-digit growth in 2016 on the back higher passenger traffic
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State-owned airport operators Angkasa Pura (AP) I and AP II posted double-digit growth in 2016 on the back higher passenger traffic.
AP I saw its revenue increase 15.21 percent year-on-year (yoy) to Rp 6.05 trillion (US$452.44 million) in 2016, said president director Danang Baskoro on Monday.
He attributed the higher revenue to increased traffic, which rose 14.33 percent yoy to 84 million passengers.
The company manages 13 airports, the two largest of which are I Gusti Ngurah Rai International Airport in Bali and Juanda International Airport in Surabaya, East Java.
In line with higher passenger traffic, AP I also recorded higher plane movement throughout last year. It facilitated the movement of 763,395 planes in 2016, an increase of 4.92 percent compared to the previous year.
“Ngurah Rai was named best service airport and Juanda the most punctual,” Danang said during a hearing with House of Representatives Commission VI.
He was referring to an Airport Service Quality (ASQ) award granted to Ngurah Rai in April 2016 and from the OAG to Juanda in January 2017.
With higher revenue, AP I booked Rp 909.23 billion in net profit last year, climbing 8.04 percent annually.
Danang said the company would focus in 2017 on renovating and adding capacity at several main airports.
Juanda will undergo renovations that will increase its capacity to 26 million passengers by 2020 from the current 13 million.
Ahmad Yani International Airport in Semarang, Central Java, will also have its capacity
increased to 5 million passengers from 900,000 passengers currently. It is undergoing construction work scheduled for completion at the end of 2017.
AP I is on track as well with the construction of a new Yogyakarta airport, with future capacity of 14 million passengers.
The new airport will take over the role of Adisutjipto International Airport, which is owned by the Air Force and handles 1.5 million passengers annually.
Meanwhile, AP II recorded Rp 6.83 trillion in revenue in 2016, a climb of 20.98 percent yoy. The company manages 13 airports, mostly in the western part of the country.
It saw passenger numbers surge 12.81 percent yoy to 95.1 million and the number of planes rise 14.17 percent yoy to 722,008, supported by operations at the Soekarno-Hatta International Airport’s Terminal 3, which was inaugurated in August 2016.
However, its consolidated net profit decreased 19.89 percent on a yearly basis to Rp 1.35 trillion in 2016 on rising costs.
AP II president director Muhammad Awaluddin said it was still working on a number of projects, mostly at Soekarno-Hatta with the airport railway, the sky train for inter-terminal people movement and land clearing for its third runway.
“We already paid Rp 4.07 billion to the villages surrounding the land clearing area. Regarding the airport railway, we will finish constructing the airport station in March, but the railway will be operational in July,” Awaluddin said.
He added that Terminal 3 would start serving international flights in July.
“In July, all international flights will be moved to Terminal 3 from Terminal 1. After that, we will begin the renovation of Terminal 1,” he said.
With the performance booked in 2016, the two airport operators are expected to contributeRp 1.64 trillion in taxes to the government and pay Rp 348.59 billion in dividends.
Their tax contribution amounted to Rp 1.45 trillion in 2015 and their dividend payment stood at Rp 405.33 billion.
