Solid profit for Abu Dhabi Airports

BTN News
Thursday, 21 September 2017

Abu Dhabi Airports has notched up an impressive 65 per cent increase in EBIDA operating profit during the first eight months of calendar 2017, as compared to the same period in 2016.

Operating revenue was up by 26 per cent, a key contributor being the increased passenger facilitation charge introduced in June 2016. Previously UAE airports were unusual in not implementing transfer passenger fees.

Abu Dhabi Duty Free and Abu Dhabi Airports Free Zone were other substantial contributors to the revenue increase through the growth trend registered in passenger spend and the addition of new retailers and concessionaires, as well as the increase in property and space rentals across Abu Dhabi Airports.

2017 has proven to be yet another challenging year for the Middle East aviation industry, with the ripple effect of the Chinese austerity drive, the global political climate, and their influence on commodity and foreign exchange markets. Abu Dhabi International Airport has been affected by these external factors, which have impacted passenger traffic and aircraft movements.

2017 has also seen an 11 per cent increase in operating expenditure compared to the same period in 2016, resulting from both planned operational requirements and a rise in the cost of third party services.

Abu Dhabi Airports www.adac.ae is a public joint-stock company wholly owned by the Abu Dhabi Government.   It is responsible for the operation and management of Abu Dhabi and Al Ain International Airports, Al Bateen Executive Airport (an exclusive business aviation airport) and the Sir Bani Yas and Delma Island regional airports.

Currently under way is a multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 45 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

Solid profit for Abu Dhabi Airports

BTN News
Thursday, 21 September 2017

Abu Dhabi Airports has notched up an impressive 65 per cent increase in EBIDA operating profit during the first eight months of calendar 2017, as compared to the same period in 2016.

Operating revenue was up by 26 per cent, a key contributor being the increased passenger facilitation charge introduced in June 2016. Previously UAE airports were unusual in not implementing transfer passenger fees.

Abu Dhabi Duty Free and Abu Dhabi Airports Free Zone were other substantial contributors to the revenue increase through the growth trend registered in passenger spend and the addition of new retailers and concessionaires, as well as the increase in property and space rentals across Abu Dhabi Airports.

2017 has proven to be yet another challenging year for the Middle East aviation industry, with the ripple effect of the Chinese austerity drive, the global political climate, and their influence on commodity and foreign exchange markets. Abu Dhabi International Airport has been affected by these external factors, which have impacted passenger traffic and aircraft movements.

2017 has also seen an 11 per cent increase in operating expenditure compared to the same period in 2016, resulting from both planned operational requirements and a rise in the cost of third party services.

Abu Dhabi Airports www.adac.ae is a public joint-stock company wholly owned by the Abu Dhabi Government.   It is responsible for the operation and management of Abu Dhabi and Al Ain International Airports, Al Bateen Executive Airport (an exclusive business aviation airport) and the Sir Bani Yas and Delma Island regional airports.

Currently under way is a multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 45 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.