Airports of Thailand feels pinch of abandoned arrivals duty-free in Q3 as concession revenues tumble

Concession revenues across the period reached THB5,187.81 (US$157 million), down -18.79% year-on-year. Across the six months from October to March, these revenues stood at THB10,829.15 (US$327.67 million), falling -9.07%.

May 19, 2025 - 12:50

Airports of Thailand feels pinch of abandoned arrivals duty-free in Q3 as concession revenues tumble

THAILAND. Airports of Thailand’s third-quarter results (January-March 2025) have shown the continuing impact of the Thailand Ministry of Finance scrapping arrivals duty-free shopping across the country’s airports from 1 August last year.

Concession revenues across the period reached THB5,187.81 (US$157 million), down -18.79% year-on-year. Across the six months from October to March, these revenues stood at THB10,829.15 (US$327.67 million), falling -9.07%.

**The key asset in the Airports of Thailand portfolio, Suvarnabhumi International Airport**

Total non-aeronautical revenues fell -13.69% to THB8,522.15 (US$257.9 million) in the third quarter, while the equivalent six-month figure was THB17,381.64 (US$539.6 million), down -6.07% year-on-year.

**How non-aeronautical revenues broke down in Q3 and across the October-March period of the financial year (click to enlarge)**

Airports of Thailand manages Suvarnabhumi and Bangkok international airports in the Thai capital and four regional gateways (Phuket, Chiang Mai, Hat Yai and Chiang Rai). Those airports recorded a positive six months for passenger traffic, surging +11.76% across the six-month period.

Total revenues for the airport group for the October-March period reached THB36,235.82 (US$1.01 billion), a +5.98% rise year-on-year, while net profits stood at THB13,719.63 (US$415.13 million), up +0.78%.