Hong Kong airport's profits take off with 52.3% surge to HK$2.45 billion
Operator the Airport Authority of Hong Kong on Wednesday also reported a 20 per cent growth in revenue to HK$16.4 billion and a first dividend payment since 2014-15, when it started retaining operating surpluses to finance the three-runway system project, but acknowledged uncertainties remain amid geopolitical tensions.
For the financial year ending March 31,
the airport handled 54.9 million passengers and 373,050 flight movements, representing year-on-year increases of 21.6 per cent and 20.5 per cent respectively.
But passenger numbers were still 73 per cent of the 2018-19 levels, while aircraft movements were at 87 per cent.
Despite this, the airport maintained its position as the world's busiest cargo airport for the 14th time since 2010. Its cargo throughput climbed by 10.3 per cent to 5 million tonnes, buoyed by robust e-commerce demand.
The airport's network continues to expand, with 27 airlines launching new routes or increasing services to 56 destinations. By the end of the financial year, about 140 airlines were operating at HKIA, connecting to more than 200 destinations worldwide.
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