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Changi Airport Group swings from losses of $838 million to FY2023 earnings of $33 million

The Edge Singapore
The Edge Singapore • 2 min read
Changi Airport Group swings from losses of $838 million to FY2023 earnings of $33 million
Photo: Changi Airport Group
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Thanks to the recovery of traffic, Changi Airport Group has reported earnings of $33 million for the year ended March 23, a sharp swing from a net loss of $838 million suffered in the year earlier. Revenue in the same period doubled to $1.88 billion.

As at March, passenger traffic has recovered to 82% of the pre-pandemic levels.

For the whole of FY2023 ended March, Changi handled 42.6 million passengers, an eightfold increase, reaching 62% of pre-pandemic levels.

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