5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Clark airport operator expects passenger volume to hit 3.4M

by
February 6, 2025
in Stock
0
Clark airport operator expects passenger volume to hit 3.4M
THE CLARK International Airport is located within the Clark Freeport Zone, about 96 kilometers north of the capital. — LIPAD PHOTO

LUZON International Premiere Airport Development (LIPAD) Corp., the operator of Clark International Airport, has revised its passenger volume projection upward for 2025, citing anticipated traffic growth after the transfer of turboprop operations from Ninoy Aquino International Airport (NAIA).

“We have some indication that there will be a shift when we revise the projections. Initially, our target for passenger volume this year was three million, but with the transfer of turboprops, we are now looking at 3.3 million to 3.4 million,” LIPAD Chief Executive Officer Noel F. Manankil told reporters on Thursday.

LIPAD is composed of Filinvest Development Corp., JG Summit Holdings, Inc., Philippine Airport Ground Support Services, Inc., and Changi Airports Philippines (I) Pte. Ltd., a wholly owned subsidiary of Changi Airports International.

The Department of Transportation (DoTr), through the Manila Slot Coordination Committee, recently issued a resolution mandating the relocation of turboprop operations from NAIA.

“We’re observing key triggers related to traffic volume, which guide us in decisions about capacity building,” Mr. Manankil said.

In 2024, Clark International Airport reported a total of 2.4 million passengers, marking a 20% increase from its 2023 passenger count.

LIPAD attributed the growth to international passengers, who accounted for 65% of the total volume, while domestic passengers comprised 35%.

Mr. Manankil said LIPAD is further evaluating capacity expansion, including potential airport fit-outs.

“If we reach a certain traffic volume threshold, it will signal the need to further increase capacity,” Mr. Manankil said.

Budget carrier Cebu Pacific will begin the gradual relocation of its turboprop operations on March 30.

By October next year, all turboprop aircraft operating at NAIA are expected to be relocated to other airports, Mr. Manankil said.

In response, LIPAD is assessing the possibility of deploying additional capacity at Clark, which currently has a built capacity of four million passengers annually.

Mr. Manankil noted that the airport’s capacity can be scaled up to eight million passengers through fit-outs.

“We are closely monitoring the turboprop situation. If sustained, we will identify the triggers for further capacity expansion,” he said.

During the peak season, Clark International Airport recorded an average of 10,000 to 12,000 passengers per day.

Currently, the daily passenger average has stabilized at 9,500. Mr. Manankil added that LIPAD expects an additional 700 daily passengers once turboprop operations are fully transitioned.

LIPAD also anticipates weekly flight movements at Clark Airport to increase to 269 from the current 237 by March 30. — Ashley Erika O. Jose

Previous Post

RCR says income rose 38% to P6.13 billion in 2024

Next Post

SM Prime sets P33B for new developments, upgrades

Next Post
SM Prime sets P33B for new developments, upgrades

SM Prime sets P33B for new developments, upgrades

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Heathrow reveals £21bn third runway plan with potential completion by 2039

    Heathrow reveals £21bn third runway plan with potential completion by 2039

    August 1, 2025
    PM urged to review North Sea oil policy after Trump calls it UK’s ‘treasure chest’

    PM urged to review North Sea oil policy after Trump calls it UK’s ‘treasure chest’

    August 1, 2025
    Anneliese Dodds urges Labour to consider wealth tax to plug public finance gap

    Anneliese Dodds urges Labour to consider wealth tax to plug public finance gap

    August 1, 2025
    Microsoft joins $4tn club as AI-driven growth fuels tech boom

    Microsoft joins $4tn club as AI-driven growth fuels tech boom

    August 1, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.