Local News

Fukuoka Airport Records First Profit Post-Privatization

Fukuoka International Airport has achieved a significant financial milestone, reporting its first operational profit since its complete privatization in 2019. The airport’s operating company revealed that during the last fiscal year, passenger numbers on international flights surpassed previous records, with domestic flights also nearly reaching pre-pandemic levels at 99.7% recovery. This increase in traffic boosted revenues from duty-free sales and other sources, leading to a total operating revenue of 51.2 billion yen, a 64% increase from the previous year. Despite this success, the airport still recorded a net loss of 2.4 billion yen due to expenses related to the expansion of the international terminal. With the expected operational start of a second runway in March next year and ongoing recovery in global travel, the airport anticipates continued growth in passenger numbers and aims for net profitability by fiscal 2026. President Shinji Tagawa expressed optimism about the airport’s recovery from the pandemic’s impacts, highlighting the significant economic ripple effects and stating a commitment to enhancing facilities to support regional growth across Kyushu. Source: NHK

Fukuoka Airport Records First Profit Post-Privatization

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Fukuoka Prefecture
Published: May 9, 2024 / Last Updated: May 9, 2024

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