CLARK FREEPORT – For the first time in its 19-year history, the Clark International Airport Corporation (CIAC) reported positive revenues totalling P563 million, an increase of nine percent of the firm’s funds.
CIAC President-CEO Victor Jose Luciano said this indicated an increase of CIAC’s net income of P44 million or a 656 percent increase as compared to the net loss of P7 million in the previous year. This, despite a six percent increase in the operating expense of CIAC, totalling P363 million as compared to P343 million in 2012.
“We had a very good 2013 for CIAC which churned out positive in revenues. This is mainly because of the support of the Aquino administration in the development of the Clark airport as well as the entry of the Middle East Legacy carriers Emirates Airlines and Qatar Airways,” Luciano said.
Emirates and Qatar last year started their respective daily non-stop flights to Dubai and Doha from here.
CIAC’s revenues in 2013 rose to P563 million from P516 million in 2012, records of the corporation’s finance department corroborated. Finance Department manager Nancy Paglinawan explained that 51 percent of the total revenues of the corporation came from the aeronautical fees such as the terminal and security fees,
landing, parking and take-off fees.
Revenues from non-aeronautical fees that include income from rent and other business income rose by 63 percent from P169 million in 2012 to P277 million in 2013, she noted.
The CIAC used to be subsidized either by the Bases Conversion Development Authority (BCDA) or the Clark Development Corp. (CDC ) which is the implementing arm of the BCDA in this freeport. The CIAC was placed under the authority of the Department of Transportation and Communications (DOTC) in 2012.
This airport hosts regularly such airlines as Asiana, Emirates , Qatar, Cebu Pacific Air, Jin Air, Tiger Air Philippines, and Dragonair.
