AOT Rallies to One-Month High on Rising Passenger Service Charge Buzz

*Further detail from the source added that the increasing in PSC will be THB 5, followed by a THB 100 increment. Both rates will be implemented in October.*

*Details in the first and second paragraph were changed to fit with new information regarding to matter.*

 

Airports of Thailand shares jumped 4% to a one-month high on reports of higher Passenger Service Charges, sparking optimism among investors for increasing revenue for Thailand’s largest airport operator.

The share price of Airports of Thailand Public Company Limited (SET: AOT) rose 4% to THB 40.00 per share, the highest level since mid-August. A sharp surge came near the closing bell on the report that the new implementation of Passenger Service Charges (PSC) would be collected at the rate not exceeding THB 100 per passenger, a significant rise from earlier reports. Sources close to the matter told Kaohoon that the increase will be done twice with first additon of THB 5 and the second addition of THB 100. Both will be implemented in Octoher this year.

It was reported earlier that Manat Chavanaprayoon, Director of the Civil Aviation Authority of Thailand (CAAT), said that CAAT is preparing to propose a new fee collection scheme to the Civil Aviation Board (CAB) within October 2025. The aim is for the fee collection to reflect the actual costs and to strengthen financial stability in operations related to aviation safety and standards.

In the past, CAAT was able to collect only one type of fee, which was an international travel fee, set at only THB 15 per person, while the actual cost is as high as THB 23. This has resulted in CAAT’s revenues continually declining, even though the number of passengers has increased.

To address this problem, CAAT is preparing to raise the fee to THB 25 per person, and expand the scope to cover three more categories: airport landing fees, air cargo service fees, and aviation fuel charges, which have never been collected before.

Additionally, there is a proposal to increase Passenger Service Charges (PSC), or airport charges, with international departing passengers being charged an additional amount from THB 730 to THB 735, and domestic passengers from THB 130 to THB 135. This will take effect in October 2025.

CAAT also stated that the PSC rate in Thailand is still considered low compared to other countries. For example, Singapore charges approximately THB 1,400 per passenger per flight. Therefore, the new rate adjustment is necessary to reflect the true costs, and to bring revenue back for development of infrastructure, services, and the safety of Thai airports to be on par with international standards.