Clark International Airport Corporation (CIAC) has hit P1.07 billion in revenues in 2018, its highest since the government-run regulator of Clark International Airport (CRK) was created in 1995.
CIAC president Jaime Alberto Melo in a statement said the 2018 revenue increased by 32% from P814.115 million in 2017, while net income grew 80% or about P141.94 million.
The revenue was derived from aeronautical and non-aeronautical operations at CRK, contributing 53% and 43%, respectively.
Melo noted that the number of airlines, flights, destinations and business activities in CRK increased “ever since President Rodrigo Duterte called for greater utilization of Clark Airport.”
“The marketability of Clark Airport and the civil aviation complex were keys to achieving this milestone,” he added.
Transport Secretary Arthur Tugade, for his part, said: “The continuing success of Clark Airport reflects the CIAC’s pursuit of higher standards of service for Filipinos. The challenge is to still do better and serve better.”
CRK averages around 11,500 passengers daily and registers 246 international and 480 domestic flights every week.
Last year, around 2.6 million travelers flew via CRK. The airport targets registering 4.5 million annual passengers by 2022.
Meanwhile, CIAC in a separate statement assured Luzon International Premiere Airport Development Corp. (LIPAD) of a smooth turnover of the operations and maintenance (O&M) of CRK within the year.
LIPAD is currently the corporate name of the erstwhile North Luzon Airport Consortium (NLAC)—composed of Changi Airports Philippines Pte. Ltd., Filinvest Development Corp., JG Summit Holdings, Inc. and Philippine Airport Ground Support Solutions, Inc.—which won the contract for CRK’s O&M.
“Key officials (of CIAC) are closely coordinating with the O&M consortium and we’ll be working together to ensure a smooth transition,” Melo said.
The CIAC chief added that the airport authority and LIPAD will develop handover protocols for Bases Conversion and Development Authority’s approval. BCDA is the parent company of CIAC while airport operations are supervised by DOTr.
The target date for the asset handover is July 20, or 180 days after the signing of the O&M concession agreement.
Last January 22, the consortium signed a 25-year concession agreement with the government to develop the commercial assets of and operate and maintain CRK’s new terminal building, which is expected to start operations by 2021.
“With the government’s strong collaboration, the O&M implementation plan will ensure the riding public of further improvements in the quality of customer and flights services,” Melo added.
