Changi Airport Group turns losses into profits, passenger traffic is expected to return to pre-epidemic levels next year
Civil Aviation Resource Network News on June 4, 2023: According to the Lianhe Zaobao, according to the performance report released by Changi Airport Group on the Singapore Exchange on Thursday (June 1), the group will operate from April 1, 2022 to March 31, 2023. Japan's total revenue for the fiscal year reached 1.883 billion yuan, double the 900 million yuan in the 2021/22 fiscal year.
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The group achieved a net profit of 33 million yuan in the 2022/23 fiscal year, reversing the 838 million yuan net loss in the 2021/22 fiscal year.
The report also mentioned that after Singapore relaxed its border measures in April 2022, the passenger traffic at Changi Airport has steadily recovered, and as of March this year, it has returned to about 82 percent of the pre-coronavirus epidemic level.
In the 2022/23 fiscal year, Changi Airport's passenger traffic will increase sevenfold year-on-year to 42.6 million; flight movements will total 257,000, doubling year-on-year. With the recovery of international tourism, the passenger flow of Jewel Changi more than doubled.
As of April 1, more than 6,000 flights take off and land at Changi Airport every week
After the world has survived the COVID-19 pandemic, borders have reopened one after another, driving the recovery of the aviation industry. Changi Airport Group turned from loss to profit in the last financial year, with a net profit of 33 million yuan.
As of April 1, 102 airlines have more than 6,000 flights taking off and landing at Changi Airport every week, flying to 145 cities in 49 countries and regions.