State-owned Airports of Thailand (AoT) has revised its passenger traffic forecast for the period 2021-2023.
In a note to Thailand’s stock exchange, AoT reported an amendment to earlier predictions given in a letter issued in June that reflected the impacts of the coronavirus (Covid-19) outbreak.
At a Board of Directors meeting held yesterday (25 November), AoT said it expects to see a 10.5% decline in international passenger traffic and a drop of -11.9% in flight numbers compared to the previous forecast.
AoT expects to handle 47.9 million passengers in fiscal year 2021 and 110.9 million passengers in fiscal year 2022.
TWENTY TWENTY THREE RESTORATION IN AIR TRAFFIC
In 2023, air traffic volumes are expected to restore to the same level as those in fiscal 2019 before the Covid-19 outbreak.
It adds that the forecast 10.5% decrease in international passengers and 11.9% drop in flight levels are linked to ‘some limitations on arriving international passenger screening at quarantine checkpoints, and domestic passenger and flight numbers which are expected to increase by 16.4% and 20.2%, respectively, from the previous forecast’.
As reported earlier this week, AoT posted a 53.3% drop in concession revenue to Bht 8,164.77 million/$260,457,337.7 million in the 12 months ending September 30 year-on-year.