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Airports of Thailand scales back 2022 passenger forecast
June 24th 2022
Airports of Thailand Public Company (AoT) has revised downward its forecast for 2022 passenger traffic.Read More » AoT now expects to process 45.6 million passengers through its airports in calendar 2022, a 26.6% decline from its October 2021 forward outlook of 62.1 million passengers for this year. In a regulatory filing to the Stock Exchange of Thailand, AoT said significant factors had affected passenger travel since its October forecast was published. “They consist of policy factors, including the reopening policy affected by the Omicron outbreak at the end of December 2021 that caused a decline in airport slots [revenue] and lower load factors.” Also external factors such as the reopening policies of countries, especially the People's Republic of China, the global economic recovery and the war in Ukraine altered the forward outlook, AoT said. The Thai airport company also has reduced its 2023 annual forecast by 17.6%, to 95.7 million passengers, adjusted down from 116.1 million, and trimmed its 2024 outlook by 1.1% to 141.5 million, representing 99% of pre-COVID-19 levels.
