Bahrain Airport Company reports profit of $51m, up 49 percent on previous year
Bahrain Airport Company reported a 49 percent increase in yearly profit thanks to an increase commercial and freight airlines using the region hub.
Eng. Kamal bin Ahmed Mohammed, Bahrain’s Minister of Transportation and Telecommunications and chairman of Gulf Air Group Holding (GFG) said the airport reported a profit of $51 million (BD19.3) on last year, up 49 percent.
The airport increased its revenue by 21 percent, to $135m (BD51m) thanks to a surge in cargo traffic.
Bahrain also attracted a number of new airlines to operate out of Bahrain International, which saw greater revenue from landing fees, passenger service charges and heavier footfall through retail areas.
The airport’s non-aero revenues, increased by 28 percent, largely due to property and real estate income (33%) and retail concession income (31%).
“The launch of the new passenger terminal building later this year, which will increase BIA’s capacity to 14 million passengers a year, is expected to generate even further growth across both aero and non-aero revenue streams,: said Eng Kamal bin Ahmed Mohammed.