The share price of AOT dipped 3.8% at the open on Wednesday, impacted by concerns of delayed implementation of the payment of the Landing Fee and Parking Fee for the April–September 2026 as a relief measures for related operators to mitigate the impact of volatile oil prices.
Paweena Jariyathitipong, President of Airports of Thailand Public Company Limited (SET: AOT), revealed that due to the conflict in the Middle East affecting passenger travel, AOT has revised its passenger forecast for fiscal year 2026 (October 2025 – September 2026). The target has been lowered from the previous growth projection of 5-6%, or 135 million passengers, to 126 million passengers, equal to the 2025 figures.
However, during the first seven months of fiscal year 2026 (October 2025 – April 2026), passenger numbers grew by approximately 2% compared to the same period last year. This growth was driven by passengers who booked tickets prior to the conflict that began in late February 2026. A decline in passenger numbers is expected to become visible starting this May.
Concurrently, following government policy directing agencies to implement relief measures for related operators to mitigate the impact of volatile oil prices, AOT will propose a plan to the Board of Directors in mid-May. The proposal seeks to defer the payment of the Landing Fee and Parking Fee for the April–September 2026 period by an additional two months for all domestic and international airlines.
The President of AOT added that although passenger numbers remain stable compared to the previous year and AOT is preparing fee deferment measures to assist airlines, AOT’s revenue for 2026 will not decrease significantly. This is because AOT will record Landing Fee and Parking Fee revenue based on the standard accounting cycle, even though the cash flow has not yet been received. She confirmed that AOT remains profitable in 2026 and will consider dividend payments according to company principles.
Regarding progress on the bidding for the second operator of Ground and Equipment Services and Passenger Handling Services at Suvarnabhumi Airport, valued at over 9,000 million baht, as well as the Cargo Service concession valued at 15,253 million baht, both projects are currently in the process of drafting the Terms of Reference (TOR). These projects will be Public-Private Partnerships (PPP) under a Net Cost model. It is expected to take approximately five months to announce the invitation for bids, with the contractors selected by late 2026.
