CIAC revenues reach P563M in 2013-A A +A
Saturday, January 25, 2014
CLARK FREEPORT --- The Clark International Airport Corporation (CIAC) earned P563 million last year.
This was learned from CIAC President Victor Jose I. Luciano, who said that this is an indication that the Clark airport is growing.
“For the first time in the 19 year history of the Clark International Airport Corporation (CIAC), total revenues turned positive in 2013 raking in P563 million or an increase of 9 percent in the company’s funds,” Luciano said.
Luciano also noted an increase of the corporations’ net income of P44 million or a 656 percent increase compared to the net loss of P7 million in the previous year.
The operating expense of CIAC also increased by 6 percent or a total of P363 million compared to the P343 million in 2012.
“We had a very good 2013 for CIAC, wherein the corporation turned positive in its revenues, mainly because of the support of the Aquino administration in the development of the Clark Airport as well as the entry of the Middle East Legacy carriers Emirates Airlines and Qatar Airways,” Luciano said.
Emirates and Qatar started in Clark airport their respective daily flights to Dubai and Doha respectively.
Finance Department Manager Nancy Paglinawan explained that 51 percent of the total revenues came from fees on terminal, security landing, parking and take-off.
Revenues from non-aeronautical fees, which include income from rent and other business income, rose by 63 percent from P169 million in 2012 to P277 million in 2013.
CIAC is the operating arm of the Clark International Airport, which is now the country’s secondary gatgeway.
Among the airlines operating in Clark are Asiana Airlines, Emirates Airlines, Qatar Airways, Cebu Pacific Air, Jin Air, Tiger Air Philippines, and Dragonair.
The Department of Transportation and Communication (DOTC) had tapped the services of the French firm Aeroports De Paris, which is currently undertaking a three-month feasibility study and master plan for a budget terminal.
Luciano said the estimated cost of the facility is about P7.2 billion which will be funded by the DOTC.
The low-cost terminal can accommodate 15 million passengers annually.
The government also approved the P600 million for the development of facilities and emergency equipment including the Navigational Aid Systems of the Clark Airport.
The new International Passenger Terminal was completed in December last year.
Luciano said the rehabilitation of the existing passenger terminal is expected to be finished by February this year.
Published in the Sun.Star Pampanga newspaper on January 26, 2014.