Indonesian airport operator books 18% rise in revenues

The figure exceeded the revenue target of 6.57 trillion rupiah.
AP II president director Muhammad Awaluddin said 4.03 trillion rupiah of the revenues came from the aero business, while another 2.62 trillion rupiah came from other businesses such as advertising, cargo and properties.
The revenue increase was in line with a 12-per-cent increase in the number of air passengers from 84.29 million to 94.63 million, he said.
“In trying to boost the revenues, PT AP II has given incentives to aviation companies that opened new international flights and those that offer extra flights outside of the regular schedules,” he said as reported by Antara news agency on Sunday.
The revenue increase was also due to the operation of new terminals, including Terminal 3 at Soekarno-Hatta International Airport (Greater Jakarta’s primary airport), and a new terminal at Husein Sastranegara Airport in Bandung, as well as the operation of Sultan Thaha Airport, a new airport in Jambi province, Sumatra.
Awaluddin also said his firm had established two subsidiary companies –Angkasa Pura Propertino (APP), a property business, and Angkasa Pura Kargo (APK), a cargo business – to boost the non-aero businesses.
“With the establishment of APP and APK, we hope that non-aero businesses will contribute 50 per cent of the total revenues in 2018,” he said.