Latest news with #YamKumWeng
Straits Times
22-05-2025
- Business
- Straits Times
Changi Airport Group full-year net profit doubles to $841 million
Passenger movements reached a record 68.4 million. Meanwhile, air traffic movements totalled 371,000, up 8 per cent from a year ago. ST PHOTO: TARYN NG SINGAPORE - Changi Airport Group (CAG) saw its net profit almost double to $841 million for the full year ended March 31, up from $431 million in the year-ago period. The 95 per cent rise in net profit takes into account 'exceptional items', including non-cash revaluation gains and the write-back of provisions by subsidiaries. Excluding these exceptional items, it posted a net profit of $685 million for the full year, the group announced in a bourse filing on May 22. The group's earnings before interest, taxes, depreciation and amortisation, or Ebitda, rose 22 per cent from a year ago to $1.5 billion. Revenue was up 13 per cent at $3.1 billion, from $2.7 billion in the previous year, primarily due to an increase in passenger traffic. 'Growth in concession revenue remained subdued as ongoing global economic uncertainties continued to weigh on consumer sentiments and spending,' CAG said. Passenger movements reached a record 68.4 million. Meanwhile, air traffic movements totalled 371,000, up 8 per cent from a year ago. In the previous financial year, passenger movement came in at 62.5 million, while air traffic movements totalled 344,000. Group operating expenses rose 5 per cent year on year to $1.6 billion. The group said that despite inflationary pressures, it was able to contain its operating expenses through stringent cost management of core operating and maintenance expenses. Mr Yam Kum Weng, chief executive officer of CAG, said the airport's strong financial performance reflects the improvement in air travel during FY2024. Changi Airport benefited from broad-based traffic growth, as well as the launch of services by new airlines and addition of new city links, he added. During the year, the group invested close to $1 billion to refresh and expand airport facilities, as well as to develop Changi East. It also recently broke ground on Terminal 5. With the global economic environment in flux, Mr Yam said that CAG will focus on improving its operational capabilities and efficiency. 'We will also continue to strengthen our collaboration with the aviation ecosystem partners to deliver the best Changi experience for our passengers,' he added. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Gulf Insider
19-05-2025
- Business
- Gulf Insider
Bahrain Named World's Cleanest Airport In 2025 By Skytrax
Bahrain International Airport has achieved global recognition as the World's Cleanest Airport for 2025 in the category of airports handling up to 25 million passengers, according to the UK- based air transport rating organization, Skytrax. This prestigious distinction places Bahrain at the forefront of global aviation hygiene standards, further reinforcing the Kingdom's commitment to excellence in travel infrastructure and passenger experience. Japan also celebrated significant success, with Tokyo Haneda Airport earning the title of the World's Cleanest Major International Airport, topping the global list for cleanliness among high- traffic terminals. The Japanese capital's gateway outshined other prominent hubs, while Centrair Nagoya, Tokyo Narita, Kansai, and Osaka Itami were also ranked among the cleanest airports in the world across both main and mid-sized categories. In Skytrax's World's Cleanest Airports 2025 (Up to 25 Million Passengers) list, Bahrain led the top 10, followed by: Bahrain International Airport New Chitose Airport (Japan) Centrair Nagoya (Japan) Osaka Itami Airport (Japan) Helsinki-Vantaa (Finland) Adelaide Airport (Australia) Cam Ranh International Airport (Vietnam) Quito International Airport (Ecuador) Houston Hobby Airport (USA) Brisbane Airport (Australia) Meanwhile, Singapore Changi Airport reclaimed the top honor as the World's Best Airport 2025, receiving multiple accolades including the World's Best Airport Dining, Best Airport Washrooms, and Best Airport in Asia. This marks the 13th time Changi has secured the leading title at the World Airport Awards, held last month at the Passenger Terminal Expo in Madrid. Yam Kum Weng, CEO of Changi Airport Group, expressed gratitude for the continued recognition: 'Changi Airport is honoured to be named by Skytrax as the World's Best Airport for the 13th time. It is indeed gratifying to receive this recognition, which certainly encourages us to continue striving to provide the best travel experience.' Doha's Hamad International Airport, previously a three-time winner of the World's Best Airport title, was ranked second overall in 2025 and won awards for the World's Best Airport Shopping and Best Airport in the Middle East. Tokyo Haneda Airport claimed third place globally in overall rankings, followed by: Singapore Changi Seoul Incheon Hong Kong International Centrair Nagoya Tokyo Narita Kansai International Taiwan Taoyuan Zurich Airport Dubai International (DXB) The dual triumph for Bahrain and Japan in cleanliness rankings highlights the rising importance of passenger hygiene satisfaction, especially in a post-pandemic era. These awards also serve as a testament to national and airport-level efforts in elevating global travel standards. Also read: GASTAT: Total Number of Passengers at Saudi Airports Jumps 15% to Over 128 Million in 2024
Daily Tribune
18-05-2025
- Daily Tribune
Bahrain Named World's Cleanest Airport in 2025 by Skytrax
TDT | Manama Bahrain International Airport has achieved global recognition as the World's Cleanest Airport for 2025 in the category of airports handling up to 25 million passengers, according to the UK-based air transport rating organization, Skytrax. This prestigious distinction places Bahrain at the forefront of global aviation hygiene standards, further reinforcing the Kingdom's commitment to excellence in travel infrastructure and passenger experience. Japan also celebrated significant success, with Tokyo Haneda Airport earning the title of the World's Cleanest Major International Airport, topping the global list for cleanliness among high-traffic terminals. The Japanese capital's gateway outshined other prominent hubs, while Centrair Nagoya, Tokyo Narita, Kansai, and Osaka Itami were also ranked among the cleanest airports in the world across both main and mid-sized categories. In Skytrax's World's Cleanest Airports 2025 (Up to 25 Million Passengers) list, Bahrain led the top 10, followed by: Bahrain International Airport New Chitose Airport (Japan) Centrair Nagoya (Japan) Osaka Itami Airport (Japan) Helsinki-Vantaa (Finland) Adelaide Airport (Australia) Cam Ranh International Airport (Vietnam) Quito International Airport (Ecuador) Houston Hobby Airport (USA) Brisbane Airport (Australia) Singapore Changi Airport Meanwhile, Singapore Changi Airport reclaimed the top honor as the World's Best Airport 2025, receiving multiple accolades including the World's Best Airport Dining, Best Airport Washrooms, and Best Airport in Asia. This marks the 13th time Changi has secured the leading title at the World Airport Awards, held last month at the Passenger Terminal Expo in Madrid. Yam Kum Weng, CEO of Changi Airport Group, expressed gratitude for the continued recognition: 'Changi Airport is honoured to be named by Skytrax as the World's Best Airport for the 13th time. It is indeed gratifying to receive this recognition, which certainly encourages us to continue striving to provide the best travel experience.' Doha's Hamad International Airport, previously a three-time winner of the World's Best Airport title, was ranked second overall in 2025 and won awards for the World's Best Airport Shopping and Best Airport in the Middle East. Tokyo Haneda Airport Tokyo Haneda Airport claimed third place globally in overall rankings, followed by: Singapore Changi Seoul Incheon Hong Kong International Centrair Nagoya Tokyo Narita Kansai International Taiwan Taoyuan Zurich Airport Dubai International (DXB) The dual triumph for Bahrain and Japan in cleanliness rankings highlights the rising importance of passenger hygiene satisfaction, especially in a post-pandemic era. These awards also serve as a testament to national and airport-level efforts in elevating global travel standards.
Yahoo
16-05-2025
- Business
- Yahoo
‘Mega yet cozy': Singapore's Changi airport breaks ground on new terminal
Singapore's Changi International Airport has won just about every award there is in the aviation industry — including the title of world's best airport for 2025. Now, Singapore is expanding its national airport, breaking ground this week on a fifth terminal that is due to open in the mid-2030s. Singapore's Prime Minister Lawrence Wong led the official groundbreaking ceremony on May 14. A nation-city of six million people, Singapore has poured all of its commercial aviation resources into its single airport. While other airports around the world have separate terminals for domestic and international departures, every single flight at Changi is international, which means that passengers can flow freely through all the public sections of the airport. Yam Kum Weng, CEO of the Changi Group, described the planned terminal as 'mega yet cozy,' adding that it would deliver 'a personalized, stress-free and positively surprising airport experience.' The T5 project was originally announced in 2013 and scheduled to break ground in 2020, but was delayed due to the coronavirus pandemic. However, Covid did more than influence T5's timing. Additional measures were added to the new building plan, including a ventilation system that can be 'activated during a pandemic.' Passengers will all use contactless entry points, which was already part of Changi's strategy to go completely document-free, using only biometrics. Layered roof leaves offer a way to let air circulate — and a means to split the terminal into several mini-terminals in case one of them needs to be blocked off quickly to segregate passengers or test for diseases. When T5 is completed, it will become the primary terminal for Singapore Airlines and its low-cost carrier Scoot. Currently, the two are scattered across the other terminals. One reason for Changi's accolades is the significant number of activities and attractions under its roof. There are multiple gardens — butterflies, cacti, water lilies, sunflowers and orchids — plus kids' play areas, a giant slide, a rooftop swimming pool, and a movie theater. The latest new offering is Changi Jewel, a 10-story luxury retail complex whose centerpiece is the world's largest indoor waterfall. Completed in 2019, it is accessible even to visitors who are not traveling. 'Efficiency and experience are not mutually exclusive,' said Trent Tesch, head designer for the project at Kohn Pedersen Fox (KPF), one of the firms collaborating on the new terminal design. 'Too often, airports are designed as pure machines for movement — efficient but impersonal, reducing passengers to mere numbers in a system. Instead, T5 is conceived as a vibrant microcity that is distinctly Singaporean — lush, layered, and deeply human.' Singapore's location near the equator means it has a tropical climate: high temperatures, heavy rains, and thick humidity are staples of daily life. T5 was designed with Singapore's climate in mind. There will be a large rooftop solar power system that will power more than just the airport — according to KPF, it will generate enough to power about 20,000 four-room apartments per year. More than 68 million passengers passed through Changi in the past year, making it the fourth busiest air hub in the world. From Singapore, travelers can fly directly to 170 cities.
News.com.au
10-05-2025
- News.com.au
World's best airport for 2025 revealed
It may come as no surprise that Singapore's Changi Airport has taken out the world's best airport title for 2025. The South-East Asian airport is renowned for its unrivalled passenger experiences boasting a waterfall, canopy park, rock climbing and butterfly garden. Its innovative amenities, extensive dining range and unique hotel offerings all form part of what makes this airport a standout. And it's no wonder why it has won the prestigious Skytrax Award 13 times, having reclaimed the top spot from Doha's Hamad International Airport (2024), which moves down to second. 'Changi Airport is honoured to be named by Skytrax as the World's Best Airport for the 13th time,' Yam Kum Weng, CEO of Changi Airport Group said. 'It is indeed gratifying to receive this recognition, and this certainly encourages us to continue to strive to provide the best travel experience. We thank all our passengers for their vote of confidence. Changi Airport has been voted the best airport in the world – ad it's easy to see why. It has the world's largest indoor waterfall, canopy park, rock climbing, butterfly garden, theatre and arcade. Picture: TikTok 'And we're especially grateful to the Changi Airport community, whose unwavering commitment to service excellence has made this award possible. 'As air travel continues to grow, we look forward to welcoming passengers to experience the magic at Changi Airport.' It also has a trampoline park. Picture: TikTok/countingcountries Rounding out the top 10 is Tokyo Haneda in third place, followed by Seoul Incheon, Tokyo Narita, Hong Kong, Paris CDG, Rome Fiumicino, Munich and Zurich. Dubai, often praised for its airport, just missed out – coming it at 11th. The World Airport Awards began in 1999, when Skytrax launched its first global, Airport customer satisfaction survey. 'They are regarded as a quality benchmark for the world airport industry, assessing customer service and facilities across over 500 airports,' it states on the Skytrax site. 'There is no entry fee or any type of payment by an airport (or other third party) to be included in the survey or awards, with the survey and awards process fully funded by Skytrax.' It also won the best airport bathrooms award. Picture: Instagram/changiairport They're all very lush. Picture: Instagram/changiairport Singapore Changi Airport received other major awards including World's Best Airport Dining and the World's Best Airport Washrooms (bathrooms). When it came to Australian airports, Melbourne missed out of the top 10, coming in at 16, followed by Brisbane in 35th and Sydney half way down the list at 54th. Perth and Adelaide ranked 63rd and 68th, respectively, while the Gold Coast sat towards the bottom at 74th. For the Best Regional Airports in Australia/Pacific 2025, Adelaide took the top gong, followed by the Gold Coast, Christchurch, Cairns and Darwin. Meanwhile, Tokyo Haneda came first for having the world's cleanest airport, followed by Singapore Changi, Doha Hamad, Seoul Incheon and Hong Kong. When it comes to world's best shopping, Doha Hamad took out the top spot with Singapore Changi closely behind. London Heathrow came third.
