Angkasa Pura I's Net Profit Soared 120 Percent In The First Quarter Of 2023

Plane illustration (Photo: Doc. Antara)

JAKARTA PT Angkasa Pura I managed to record positive results for the company's operational and financial performance in the pre-pandemic period. Where, Angkasa Pura I's net profit in the first quarter of this year increased 120 percent compared to the same period last year or Rp. 147 billion.

President Director of Angkasa Pura I Faik Fahmi said this achievement was supported by the contribution of high passenger traffic of 15.3 million passengers or had reached a recovery rate of 81 percent compared to the same period in 2019 of 18.9 million passengers.

"We are very grateful to be able to survive and be able to bounce back in the midst of a pandemic situation that has forced the company to swallow the bitter pill for the past three years due to the impact of the COVID-19 pandemic," he said in an official statement, Monday, June 12.

Furthermore, Faik said that this performance achievement is also an achievement of recovery through the development of the Indonesian tourism sector and air connectivity.

"This proves that the hard work of all Angkasa Pura I personnel in carrying out the transformation has succeeded in improving the company's operational and financial performance. Therefore, we are optimistic that this positive trend can continue," he said.

Faik added that the transformation of the company Rebound to Win has an important role in accelerating the recovery or recovery of the company. Angkasa Pura I managed to record an increase in EBITDA in the first quarter of 2023 almost 11 times from the same period in the previous year or reached Rp965 billion.

Then, operating income also increased 107 percent to Rp1.95 trillion in March 2023, consisting of aero income of Rp1.17 trillion and non-aero income of Rp781 billion.

Faik said that the success in improving this performance was carried out through transformation initiatives through the four pillars that had gone well. Faik gave an example for the pillar of the business turnaround which aims to increase passenger traffic and facilities at the airport.

Some of the initiatives carried out by Angkasa Pura I include the flexibility of slot time, joint marketing, incentives for providing landing fee discounts to airlines, to strengthening cooperation with Emirates to increase the capacity of tourists who come to Indonesia by bringing in the world's largest commercial aircraft, Airbus A380, via the Dubai-Bali-Dubai route.

Then, other initiatives to improve customer experience are look and feel at airports, airport beautification, and hospitality excellence standards. Then, improving operational and financial performance such as being involved and coordinating in international events (MotoGP, G20 Summit, and ASEAN Summit).

Kerja sama bisnis kargo dengan PT JAS di Bandara I Gusti Ngurah Rai Bali dan Bandara Juanda Surabaya, serta city pair program seperti Bandara I Gusti Ngurah Rai Bali dan Bandara Internasional Yogyakarta ke Bandara Kuala Lumpur, Bandara Melbourne, Bandara Incheon Korea Selatan, dan sebagainya.

The various transformation initiatives carried out by the company, including in implementing good marketing strategies, are important factors in improving the company's financial and operational performance. This is reflected in the increase in passenger traffic to reach 57 percent from 9.8 million passengers as of March 2022 to 15 million passengers as of March 2023," explained Faik.

Faik said, improving passenger services through look and feel improvements as well as tenant mixing proved to have an impact on increasing spending per tax.