• Total revenues rose 18 percent to a record P9.44 billion, driven mainly by food services and in-flight catering, which contributed P4.4 billion, or nearly half of the total.
• Ground handling and aviation services jumped 33 percent to P4.17 billion, supported by a 5 percent increase in flights handled.
• Direct costs grew 14 percent to P7.1 billion, while operating expenses rose 28 percent to P1.39 billion, reflecting both business growth and pressure from higher lease and operational costs.
Management’s view
“MacroAsia’s performance in 2024 highlights our ability to adapt and thrive in a dynamic business landscape,” said Eduardo Luis T. Luy, president and chief operations officer of MacroAsia Corp.
“As demand in aviation and food services continues to rise, we remain committed to expanding our footprint and enhancing operational efficiencies even beyond airports,” he said.
Outlook
The transition to privatized operations at NAIA last September is expected to drive long-term growth by boosting flight volumes and improving passenger capacity through infrastructure upgrades.
However, the company remains cautious, as the Manila International Airport Authority’s new administrative order has raised lease and fee rates, increasing the cost of doing business at the airport.
While some of these expenses may be passed on to clients and passengers, MacroAsia warns that rising travel costs could eventually soften demand.
