The Manila International Airport Authority (MIAA), which manages the Ninoy Aquino International Airport, said it expects revenue to rise 36% to P11.46 billion this year, with a capital expenditure target of P2.69 billion, up 98%.
THE Manila International Airport Authority , which manages the Ninoy Aquino International Airport, said it expects revenue to rise 36% to P11.46 billion this year, with a capital expenditure target of P2.69 billion, up 98%.
The MIAA Board approved in October a proposed operating budget for 2023 of P12.734 billion, implying a deficit of P1.084 billion, which will be funded from retained earnings, according to documents obtained byThe MIAA said revenue gains are expected to come on the back of a revival in travel activity.
Flights, including international, domestic, and general aviation, are expected to increase by 18% to 289,396 this year. “This is to ensure that the Philippine Air Traffic Management System’s management is operating functionally, safely, and reliably,” the GCG, which regulates government-owned and -controlled corporations , said in a statement.
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