Orix, Vinci-backed airport raises passengers outlook

11 September 2019 - 12:00 am UTC

Kansai Airports Kobe, operated by Orix and Vinci Airports, revised upward the number of passengers using Kobe Airport under its mid-term business plan.


The operator of Kobe Airport in western Japan estimates handling about 3.48 million passengers for the current business year ending March 2020. This is around 8.4% higher than the 3.21 million passengers estimated in the previous February 2018 outlook, it said yesterday (10 September).


The company submitted the revised plan to the city’s mayor last week (6 September). It had taken over the operations of Kobe Airport since April last year from Kobe city under a 42-year concession arrangement.


The airport also revised revenue and net profit outlook for this fiscal year to JPY 2.8bn (USD 26m) and JPY 245m, respectively, from the previous JPY 2.6bn and JPY 171m.


Over the mid-term period, the number of passengers has been pegged at 3.94 million for the year through March 2023, about 20% higher than the 3.27 million as foreseen previously.


The revision comes after a decision by local business associations in Kansai region in May this year to approve an increase in the number of flights and an expansion in operating hours at the airport.


The airport is now allowed to operate between 7am-11pm instead of the previous 7am-10pm period. The upper limit of daily flights the airport can handle has also been increased from 60 to 80.


In line with the new guidelines, domestic low cost carrier Skymark Airlines added six flight services from 1 August, bringing the airport’s total number of daily flights to 66 as of today.


Currently, Kobe Airport provides only domestic services linking Kobe and seven other destinations including Tokyo International airport, better known as Haneda Airport.


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