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THE FINANCIAL condition experienced by PT Angkasa Pura I (AP I) with debts reaching IDR35 trillion and a monthly loss of IDR200 billion. The financial burden that must be borne by the state-owned airport operator is indeed quite heavy with the number of new airports.
According to the Deputy Minister of State-Owned Enterprises (BUMN), Kartika Wirjoatmodjo said that AP I is indeed in a difficult condition, with a debt of IDR 35 trillion and a rate loss of IDR200 billion per month. If not restructured, after the pandemic the debt could reach Rp38 trillion.
“The financial and operating pressures are getting heavier because they have to bear the high operational costs of the construction of a number of new airports. Meanwhile, in the midst of a pandemic situation, the number of airplane passengers has decreased considerably,” he said.
He explained, like the new Yogyakarta airport in Kulon Progo, it was up to Rp12 trillion and as soon as it opened, it was immediately hit by a pandemic. The COVID-19 pandemic, which began in Indonesia since March 2020, has resulted in a drastic decrease in passenger traffic at 15 Angkasa Pura I airports.
“As an illustration, in 2019, passenger movements at AP I airport reached 81.5 million passengers. However, when the COVID-19 pandemic hit in early 2020, passenger movements dropped to 32.7 million passengers and in 2021 it is predicted to only reach 25 million passengers. The company’s financial and operational conditions are also under considerable pressure,” Kartika Wirjoatmodjo remarked.
He added, AP I’s revenue in 2019 which reached IDR8.6 trillion fell in 2020, because it only earned IDR3.9 trillion in revenue. AP I predicts that in 2021 revenues will also experience a slight decline due to the drop in the number of passengers, which only reached 25 million people. [antaranews/photo special]
