AOT Expects to Top Revenue Projection by 20% with More Passengers and Airports under Management

Chief Director of Airport of Thailand PCL (AOT), Mr. Kirati Kitmanawat estimated AOT’s revenue growth over 20% of 2023 target with 9-month (Oct’22 to Jun’23) revenue currently at THB 33 billion and net profit at THB 5.3 billion.

Both the International Civil Aviation Organization (ICAO) and AOT believed total passenger arrivals in FY4Q23 (Jul to Sep’23) will grow by 15%, compared to the previous quarter which will reach 75% before covid-19 level. The number will reach 80% in FY1Q24 (Oct to Dec’23) and 100% in FY1Q25 (Oct to Dec’24) with Suvarnabhumi Airport’s passenger at 0.16, 0.18 and 0.21 million per day, respectively.


The new SAT-1 terminal (fully open on 28 Oct) will increase Suvarnabhumi Airport additional passenger capacity by 15 million to the total of 60 million per year. Although Don Mueang Airport’s number still lacking, AOT still see an increase in future profitability despite lacking passenger from China.

In addition, AOT will take another three local airports under its management as well, which are Buriram, Udon Thani and Krabi Airport. AOT believed it will get another six locals after new government approval before the year end, those are Mae Sot, Phitsanulok, Ubon Rachathani, Khon Kaen, Trang and Ranong Airport.


Furthermore, AOT’s in the process of feasibility study on investment project for building two new additional airports at Phuket and Chiang Mai. Currently, AOT have six airports under its management as follows, Suvarnabhumi, Don Mueang, Phuket, Hat Yai, Chiang Mai and Mae Fah Luang-Chiang Rai Airports.