Felipe Ángeles Airport Reports 789 Million Pesos Profit

The Felipe Ángeles International Airport has accumulated 789 million pesos in profit as of Q3, primarily through airport service fees and a surge in passenger flows.


Felipe Ángeles Airport Reports 789 Million Pesos Profit

Felipe Ángeles International Airport (AIFA) has accumulated 789 million pesos in profits by the third quarter, according to an analysis by El Financiero based on the activity statements of the company directed by the army. Financial reports show that the airport recorded revenues of 1,970 million pesos, excluding received subsidies.

95 percent of the resources were generated from airport service charges, such as the Airport Use Fee (TUA), among other items related to airport operations; while the rest came from investments in financial markets that generated revenues of 109 million pesos. AIFA started operations in the first quarter of 2022 and has achieved financial balance and profits since the beginning of this year, with three consecutive quarters of profits.

During the July-September period, the airport's profits exceeded 298 million pesos, marking the second best financial performance since its opening. The increase in passenger flow has been a key factor, with 4.4 million passengers moved in the first three quarters, mainly on domestic flights.

"The results in terms of revenue are positive, both from passengers, who continue to be national, and from cargo; this has generated a good amount of income," an expert stated. Transfers are expected to accumulate 1,500 million pesos by year-end, the highest amount received by the airport.

Despite the financial benefits, AIFA continues to receive subsidies, with 3,519 million pesos received since the beginning of operations, including 1,053 million pesos this year alone. The resources generated by the airport will go to the Ministry of National Defense (Sedena) for the payment of military personnel pensions.

The government is working on completing a train that will connect AIFA with the Suburban Buenavista-Cuautitlán train to improve passenger transport. Once operational, it will be crucial to promote AIFA as a terminal with its own benefits to attract more passengers. The combination of these factors has contributed to the airport's success, surpassing initial expectations.