AIRPORT OPERATOR
Acsa shrugs off 35.5% tariff drop, upbeat on profit
But subdued domestic passenger growth kept Airports Company SA’s gains in check
Airports Company SA (Acsa) still expects to post a profit in 2017 despite a 35.5% drop in airport tariffs that took effect in April. Acsa had been facing the prospect of a 42% tariff decrease in 2015, but after two years of an interim tariff freeze during which new talks took place, it announced in December 2016 a decrease in April to be followed by increases of 5.8% and 7.4% in 2018-19 and 2019-20. Acsa, which is the company that operates all of SA’s major airports, reported a 10.2% increase in profit to R2.2bn for the year to end-March. It increased revenue 3.4% to R8.6bn in the previous financial year, after subdued domestic passenger growth and a 6.1% increase in international departures, although aircraft landing volumes for international flights only increased 2.5%. For the first time, Cape Town International Airport reported a total of more than 10-million passengers, with King Shaka International Airport reporting a total of more than 5-million passengers, also for the first...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.