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AOT Reports Over 19 Billion Baht Profit in FY2024

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From Pattaya News

On November 22nd, 2024, Dr. Kirati Kitmanawat, the CEO of Airports of Thailand (AOT), reported a net profit of 19.18 billion baht for FY2024 (Oct 2023 – Sept 2024), reflecting a strong recovery in the aviation sector.

Revenue rose by 40% to 67.83 billion baht, with aviation-related income increasing to 31 billion baht and non-aviation revenue reaching 36.12 billion baht. This growth was attributed to a significant rebound in international travel, reflecting a 34.82% rise in international passengers and a 29.63% increase in international flights.

Passenger traffic at AOT’s six airports—Suvarnabhumi, Don Mueang, Chiang Mai, Chiang Rai, Phuket, and Hat Yai—hit 119.29 million, a 19% increase from the previous year. 
Domestic passengers showed a modest growth of 1.01%. Looking ahead, FY2025 projections estimate a rise to 129.97 million passengers, just shy of pre-pandemic figures. This number includes domestic flights.

Beginning December 1st, AOT will fully implement a biometric facial recognition system across six major airports. This technology, which requires passenger consent, will streamline check-ins, security checks, and boarding without the need for physical passports or boarding passes.

Travelers will enjoy faster, more efficient service while maintaining high-security standards. TPN media notes that although fully implemented it may not be used for all flights or passengers and as noted if a passenger is uncomfortable with biometrics can utilize other options.

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