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MacroAsia sees higher costs of services in privatized NAIA
The Philippine Star
|April 03, 2024
Aviation support service provider MacroAsia Corp. expects business costs at the Ninoy Aquino International Airport (NAIA) to go up under private control, but is willing to shoulder these price hikes as long as the gateway is improved.
According to its financial report, Tanowned MacroAsia raised its profit by 91 percent to P851.14 million in 2023, from P446.1 million in 2022, recording growth across all business segments.
Revenue went up by nearly two thirds to P8 billion, buoyed mainly by the income contributions of in-flight catering and ground handling.
MacroAsia sourced the bulk of its earnings from in-flight catering (P3.98 billion) and ground handling (P3.14 billion). Further, the company obtained contributions from its other subsidiaries, particularly water distribution (P617.49 million) and connectivity services (P215.63 million).
Denne historien er fra April 03, 2024-utgaven av The Philippine Star.
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