Subscribe Free
in Airports

Abu Dhabi Airports achieves 65% increase in operating profit this year

Posted 22 September 2017 · Add Comment

Abu Dhabi Airports has announced that it has achieved 65% increase in earnings before interest, depreciation and amortization (EBIDA)/ operating profit during the January-August period this year compared to the same period in 2016.

This announcement comes after the company’s executive team weekly meeting that took place at Al Ain International Airport last week, led by Abdul Majeed Al Khoori, Acting CEO of Abu Dhabi Airports.

The company grew its operating revenue by 26%, which impacted the 65% EBIDA increase for 2017. One of the key contributors to this increase is the passenger facilitation charge introduced in July 2016. Previously, UAE airports were some of the few around the world that didn’t implement transfer passenger fees. In response to market change, the government approved the charges and hence these were implemented across all airports in the second half of 2016.

Abu Dhabi Duty Free and Abu Dhabi Airports Free Zone were other key contributors to the revenue increase through the growth trend registered in passenger spend, and the addition of new retailers and concessionaires, as well as the increase in property and space rentals across Abu Dhabi Airports.

Abdul Majeed Al Khoori said: “We are very proud of our performance this year. Abu Dhabi Airports’ mission and goals revolve around a highly effective and efficient management of resources and manpower to maintain positive trend in profit growth. Supported by planning a smart and versatile strategy, we were able to turn challenges into opportunities and register record achievements in all aspects of our business.”

2017 has proven to be yet another challenging year for the Middle East aviation industry, with the ripple effect of the Chinese austerity drive, the global political climate, and their influence on commodity and foreign exchange markets. Abu Dhabi International Airport has been affected by these external factors, which have impacted passenger traffic and aircraft movements.

2017 has also seen an 11% increase in the operating expenditure compared to the same period in 2016. These increases are a result of both planned operational requirements as well as a rise in the cost of third party services. Such requirements included the expansion of air navigation outsourcing to ensure the airport has adequate resources to handle the dynamic change in traffic movement. Facility management and utility costs have also increased due to service provider fees.

“Abu Dhabi Airports is committed to utilizing all resources and manpower available to increase its efficiency and profitability. I would like to take this opportunity and extend the team’s gratitude to our wise leadership, whose continuous support have played an instrumental role in the success that Abu Dhabi Airports is delivering”, Al Khoori added. 

Abu Dhabi Airports achieved this year %53.3 in Emiratisation within its entire workforce, with %88 of executive management nationalised.

* required field

Post a comment

Other Stories
Advertisement
Latest News

All-change on the Turkish aero-design front

Turkey says it plans to design and build a brand-new passenger aircraft midway through the coming decade. But, asks Alan Dron, what does this mean for its previously announced intentions to revive a 1980s design?

CCD to create control rooms for Abu Dhabi’s new Midfield Terminal

CCD Design and Ergonomics has been appointed to design and create four new control rooms at the new Midfield Terminal at Abu Dhabi International Airport.

Ras Al Khaimah wins Middle East’s Leading Adventure Destination 2018’ award

Ras Al Khaimah Tourism Development Authority (RAKTDA) has celebrated two major wins at The World Travel Awards 2018.

Etihad Airways to host AI Robot Sophia at ATM

Etihad Airways will introduce Humanoid Robot Sophia to the UAE as a spokesperson for the future of innovation and technology in aviation at ATM.

İstanbul New Airport will house 451-room hotel to be operated by YOTEL

İGA, the constructer and operator of İstanbul New Airport (İNA) for 25 years,and YOTEL, the London based hotel group, have signed an exclusive hotel management contract.

Emirates wins four gongs at World Travel Awards Middle East 2018

Emirates has been recognised at the World Travel Awards Middle East 2018 with four awards - Middle East’s Leading Airline, Middle East’s Leading Airline Brand, Middle East’s Leading Business Class Airport Lounge and Middle East’s

TAA SK0902311218
See us at
GATM BT1004061118BIAS BT271017161118ASDubai BT1004091018Istanbul Airshow BT22018MEBAA BT1004121218Cargo BT1004091018SOFEX BT2018ArabianTravelMkBT250418AirportShow BT1502090518Global Aerospace BT2018