Hong Kong airport profit falls 16.8% to HK$2b as expenses, salvage operation bite

AI Summary

Hong Kong International Airport reported a 16.8% decline in net profit to HK$2 billion for the 2025-26 financial year, attributed to increased expenses from the third runway operations and a prior aircraft salvage operation. Despite profit decline, revenue rose 11% year-over-year reflecting strong passenger throughput.

Hong Kong’s airport has reported a 16.8 per cent decline in net profit to HK$2 billion (US$255.16 million) for the 2025-26 financial year, with the management citing a significant rise in expenses driven by the third runway’s operating costs and last year’s aircraft salvage operation. In its annual report released on Wednesday, the operator of Hong Kong International Airport (HKIA) said revenue grew 11 per cent year on year to HK$18 billion for the period ending March 31. Passenger throughput,...