The Manila International Airport Authority posted a remarkable performance and positive growth rates, collecting more than P14 billion in revenue despite minor challenges it encountered in 2018.
Based on its 2018 accomplishment report released on Monday, the MIAA collected a total of P14.11-billion gross revenues, up by nine percent or P1.16 billion compared to its P12.94-billion revenue collected in 2017.
MIAA general manager Eddie Monreal said the agency's net income from airport operations went up by 14 percent or P759 million, for a total of P6.24 billion.
"The jump in revenues can be attributed to the overall increase in both flight and passenger movements brought about by the steady growth in international travel, as well as the swelling arrival of Chinese tourists ever since the government initiated the Visa Upon Arrival option at the Ninoy Aquino International Airport," said Monreal.
MIAA records showed that international flight operations in NAIA improved by 4.42 percent or 4,822 flights for a total of 113,817 flight movements. The number of passengers also went up by 9.62 percent or 2,015,939 for a total of 22,973,510 international travelers. per flight, said Monreal.