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Incheon Airport expected 39 million pax in 2012, to reach capacity by 2016

30-Nov-2012 1:21 PM

South Korea's Incheon International Airport Corp president and CEO CW Lee, speaking on the sidelines of CAPA's World Aviation Summit in Hong Kong, estimated (29-Nov-2012) the airport will handle 39 million passengers this year and will meet its capacity by 2016. The airport’s present capacity is 44 million passengers and 4.5 million tonnes of cargo p/a. To support the forecast traffic growth, the airport plans to invest USD4.5 billion in a second terminal, with phase one of the project expected to be completed by 2017 and increasing the airport’s capacity to 62 million passengers p/a. He also noted non-aeronautical revenue currently accounts for more than 64% of the airport’s total revenue and the airport will continue to work with airlines to maximise non-aeronautical revenue, which will be reinvested to improve the passenger experience.