I was reading news online and saw this piece on the expansion of Bangkok Airport to have a second terminal. The airport’s operator, Airports of Thailand (AOT) piqued my curiosity. Here’s what I found out about the company.
Disclaimer: I do not hold AOT shares.
Introduction
AOT runs 6 international airports in Thailand – Suvarnabhumi, Don mueang, Chiang Mai, Phuket, Hatyai and Chiang Rai. These are the gateway airports that serve major cities with regular international flights.
Its revenue are split into aeronautical and non-aeronautical segment. The former includes landing and parking charges paid by airlines, departure passenger service charges and aircraft service charges for use of boarding bridges. The latter includes office and state property rents for using airports spaces, ground and passenger handling services, and concession paid for various commercial activities in the airports. In FY2017, 56% of the revenue
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