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Macao’s airport operator estimates its revenue at 1.18 billion patacas last year

In financial terms, the company did significantly better in 2023 than it did in 2022, but the numbers still fall well short of pre-pandemic totals.

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UPDATED: 25 Jan 2024, 2:20 pm

The Macau International Airport Company Limited (also known by its Portuguese acronym CAM) generated an estimated revenue of 1.18 billion patacas last year, according to a statement released by the company that cited figures from the chairman of its executive committee, Chan Weng Hong. 

At a media event held yesterday, Chan stated that CAM’s total revenue in 2023 represented a recovery of 65 percent of the levels in 2019 – the last year before the Covid-19 struck. In 2022, when Macao’s borders were effectively closed because of pandemic restrictions, revenue only reached 426 million patacas

The chairman said that the airport witnessed a total passenger volume of 5.15 million last year, a recovery of 54 percent compared to 2019 figures. Meanwhile, aircraft movements totalled more than 42,500 or 55 percent of pre-pandemic levels. 

[See more: Only 10 to 15 percent growth in airport passenger volume is expected this year]

Looking to the year ahead, Chan projected that “the passenger flow, traffic volume and aircraft movement…[will] increase by more than 20 percent.” 

His estimate is more optimistic than that given earlier this month by CAM’s marketing director, Eric Fong, who predicted that the passenger traffic would increase by no more than 15 percent.

Chan also believed that there would be a 40 percent increase in business jet movements – which totalled 923 last year – and that freight volume could be “expected to grow by 9 percent” from the 63,800 tonnes of cargo handled in 2023. 

UPDATED: 25 Jan 2024, 2:20 pm

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