Angkasa Pura I Grows Up to 61 Percent in First Half 2017

By : Hariyanto And Aldi Firhand. A | Wednesday, August 16 2017 - 16:28 IWST

Angkasa Pura I
Angkasa Pura I

INDUSTRY.co.id - Jakarta - PT Angkasa Pura I (Persero) recorded a 61 percent growth in profit in the first half of 2017 compared to the same period a year earlier. In the first half of 2017, Angkasa Pura I earned Rp 885 billion in profit, up from Rp550 billion in the same period last year.

The company's net profit rose to 17 percent in the first semester of 2017. Angkasa Pura I managed to earn Rp3.4 trillion in revenue this year while in the same period of 2016 it only received Rp2.9 trillion.

"The aeronautical business contributes about 60 percent of total revenue or Rp2.05 trillion, up 20.6 percent from the first half of 2016, which is only Rp1.7 trillion," said Danang S. Baskoro, President Director of PT Angkasa Pura I (Persero) in Jakarta, Tuesday (08/15/2017).

Meanwhile, non-aeronautical business was recorded at Rp1.35 trillion, up 13.5% from the same period last year of Rp1.19 trillion. "The significant growth of profit is partly due to traffic growth compared to the previous year," he explained.

According to AP I data, aircraft movements grew 2.3%; Passenger movement rose 4.3%, while cargo increased 15.6%. Increased traffic caused by the addition of new routes at several airports, both domestic and international.

In addition, the operation of Novotel Bali Airport operated by Angkasa Pura I subsidiary, Angkasa Pura Hotel and the implementation of priority scale in the realization of operational costs contribute to this profit growth.

In 2017, AP I targets to earn net profit of Rp1, 17 trillion, or up about 28% from the target last year 2016.

"The strategy is to optimize the Collaborative Destination Development (CDD) Program with stakeholders in several regions to jointly develop the potential of regional tourism destinations that will eventually increase passenger traffic to the region," said Danang.

In addition, AP I also proactively offers the opening of new routes from and to the airports of Angkasa Pura I for global airlines by providing discount incentives or eliminating the cost of landings.

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