Clark Airport Earns P1B in Revenues

Gross revenues of Clark International Airport Corp. (CIAC) reached an unprecedented P1.07-billion in 2018, an official of the government-run corporation revealed yesterday.

Jaime Alberto Melo, CIAC president, said this is the first time that CIAC was able to breach the P1-billion mark since the agency was created in 1995.

“Numbers of airlines, flights, destinations and business activities 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," Melo said.

Melo said revenues increased by 32 percent, or the equivalent of P257.43 million, from last year’s P814.115 while CIAC’s net income also posted an unprecedented growth of 80 percent or about P141.94 million.

The revenue was culled from aeronautical and non-aeronautical operations at the Clark airport that contributed 53 percent and 43 percent, respectively.

The airport chief said these record-breaking figures are attributed to the Duterte administration’s full support, citing Transportation Secretary Arthur Tugade, whose agency oversees the airport’s operation, and CIAC’s parent company, the Bases Conversion and Development Authority (BCDA), headed by its president Vicencio Dizon.

Clark airport is averaging around 11,500 passengers daily and registers 246 international and 480 domestic flights every week. 

Last year, there were around 2.6 million travelers via Clark.  The airport targets to register 4.5 million annual passengers by 2022.