Local News

Fukuoka Airport Goes into the Red

According to financial reports for FY 2014 released by the Ministry of Land, Infrastructure, Transport and Tourism, 22 airports in Japan went into the red. Of those, four Kyushu airports that were in the black the previous year—namely, Fukuoka, Kumamoto, Miyazaki and Kagoshima—joined the ranks of airports which lost money in fiscal 2014. Airport earnings include landing fees, building-related fees, duty-free sales, parking fees and so on. Although Fukuoka Airport enjoyed an increase in duty-free sales on the back of an uptick in foreign visitor numbers, it racked up expenses related to preliminary surveys for the new runway it plans to build. For the year ended March 2015, the airport posted an operating loss of ¥188 million, after previously posting an operating profit of ¥484 million. Source: Yomiuri Shimbun 3/2

airport

(Photo: provided by the City of Fukuoka)

Category
Business
Published: Mar 4, 2016 / Last Updated: Apr 1, 2016

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