August 15, 2025 | 12:00am
MANILA, Philippines — Aviation service supplier MacroAsia Corp. felt the pang of costlier charges charged on the Ninoy Aquino Worldwide Airport (NAIA) as its revenue dipped by two % within the first half.
Newest monetary report confirmed that MacroAsia’s internet revenue slipped to P679.7 million within the first semester, from P691.6 million a yr in the past, as a consequence of flattish progress and better prices.
Income stood flat at P4.81 billion, whereas bills rose by eight % to P3.74 billion, which MacroAsia blamed on greater charges charged by the brand new administration in NAIA.
MacroAsia owns 49 % of Lufthansa Technik Philippines (LTP), which is engaged on its lease renewal in NAIA. LTP’s 25-year lease is nearing expiry this yr and shall be slapped with greater charges beneath a privately run NAIA.
As accredited within the concession settlement, concessionaire New NAIA Infrastructure Corp. has jacked up lease within the airport to P710 per sq. meter month-to-month. If this charge is utilized to LTP, it has to pay P160 million month-to-month to retain its 226,000-square meter base in NAIA.
“This (price) improve is primarily as a result of growth of enterprise operations throughout all segments of the group, with extra price contributions from the speed changes inside the venture land managed and managed by the airport operator,” MacroAsia mentioned.
LTP is a prized investor in NAIA, offering plane upkeep, restore and overhaul providers to the world’s largest carriers and using greater than 3,000 Filipinos to do these jobs.
Regardless of the associated fee hike, MacroAsia is assured within the power of its core companies, particularly in in-flight catering and floor dealing with.
Revenues from in-flight catering elevated by 9 % to P2.15 billion within the first half, as the corporate offered 13.05 million meals to airline purchasers. MacroAsia can be investing P1.2 billion for the growth of its meals commissary in Muntinlupa Metropolis to arrange for future necessities.
MacroAsia’s floor dealing with declined by seven % to P2.07 billion due to fewer flights managed in the course of the interval. Nonetheless, the phase contributed 43 % to revenues, making it one in every of MacroAsia’s bread and butter.
MacroAsia additionally gained P364 million in revenues from water distribution, up by seven %, as industrial water gross sales picked up in protection areas.
The corporate is engaged on diversifying its portfolio past the aviation trade to enhance its income stream, with investments positioned on water distribution and data expertise.
