IIAC’s Overseas Airport Business Sees Strong Growth in Southeast Asia

Justin Lee

Singapore

October 24, 2024

Manila

© Patrick Roque / Wikipedia

Incheon International Airport Corporation (IIAC) has seen much improvement in terms of passenger traffic and financial results in the year 2023. The company’s overseas airport business has also seen significant growth, especially in the Southeast Asian market.

IIAC recorded consolidated sales of KRW2.2505tn and operating profit of KRW532.5bn in 2023.

Sales increased by 117.4% from a year ago, and succeeded in turning a large profit by making up for the operating loss of nearly KRW600bn.

In terms of passenger traffic, Incheon International Airport recorded 56.1 million passengers in 2023, an increase by 214.1% from the previous year.

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