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NEWS Last modified on June 29, 2016

Airport Authority Hong Kong reflects on milestone year for gateway

Hong Kong International Airport today announced that a record 69.7 million passengers and 410,000 flights used its facilities in its 2015/16 financial year.

The totals represent year-on-year increases of 7.8% and 3.6% respectively.

Cargo throughput softened 1.4% to 4.3 million tonnes during the year, according to operator Airport Authority Hong Kong (AAHK).

The figures ensure that HKIA remained the world’s third busiest international passenger airport, while in the cargo front, HKIA continued to be the world’s busiest cargo airport for the sixth consecutive year.

AAHK chairman, Jack So Chak-kwong, notes: “We are delighted that HKIA had such a remarkable year. These results would not be possible without the collective effort and dedication of our 73,000 airport staff, who work closely together every day to make HKIA the world’s leading airport.”

HKIA’s airline and destination network also expanded during the financial year. Airlines that began serving the airport for the first time included AirAsia Zest, Jetstar Pacific, Scandinavian Airlines, Malindo Air, Etihad Airways and Sky Lease Cargo.

HK Cargo
Myanmar National Airlines resumed service to Hong Kong. Düsseldorf of Germany and Gold Coast of Australia joined HKIA’s extensive destination network, while direct service to Boston in the United States resumed. As at the end of March 2016, HKIA had over 100 airlines serving over 190 destinations.

The number of passengers using HKIA’s land and sea cross-boundary transport during the year increased to 4.9 million.

This included 2.81 million passengers who made trips between HKIA and SkyPier ferry destinations in Macao and the Pearl River Delta, 0.1% higher than last year. Lianhuashan in Guangzhou became the ninth ferry port added to the SkyPier network.

HKIA also handled 2.1 million cross-boundary passengers by coaches and limousines, an increase of 1.2% over 2014/15.

The five-storey Midfield Concourse was completed on schedule and commenced operation during the year. It gives HKIA 20 additional parking positions that can handle approximately 20% of the airport’s daily flights, and raises capacity by at least 10 million passengers a year.

Other successes, says AAHK, include the revised financial arrangements for the Three-runway System (3RS) project; Chief Executive-in-Council approval for the draft Chek Lap Kok Outline Zoning Plan and the authorisation of the reclamation under the Foreshore and Sea-bed (Reclamation) Ordinance, both of which are milestones for the 3RS.

"HKIA had a great year in terms of airport development. But in order to meet long-term air traffic demand, HKIA must expand into a 3RS. We are grateful for the Executive Council’s approval and will start construction as soon as possible, striving to make sure that the project is completed on time and within budget," So added.

During the year, revenue and profit attributable to the equity shareholder saw strong growth of 11.1% and 15.2% respectively, increasing to HK$18,184 million and HK$8,359 million for the 12 months ended 31 March 2016.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 9% year on year to HK$12,336 million.

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