AERODOM clarifies inaccurate info circulating within the media

AERODOM clarifies inaccurate info circulating within the media

Santo Domingo.- In mild of the wrong info circulating in varied media and social networks concerning the worth adjustment of US$2.48 (two {dollars} and forty-eight cents) for inflation, just lately introduced by AERODOM, the airport firm issued the next press launch:

The fare adjustment licensed by the Airport Fee of AERODOM is made primarily based on Article 5.4.4 of the Concession Contract signed in 1999 between AERODOM and the Dominican State, and applies solely to regulated airport fares, which have a minimal influence on the entire price of air tickets.

AERODOM additionally factors out that it’s not true that worldwide vacationers utilizing the companies of air carriers on scheduled or constitution flights should pay a brand new enhance of a further US$21.5 for his or her tickets from subsequent December.

The inflation adjustment was made to permit regulated airport fares to partially get well their actual worth after being frozen for greater than 5 years, primarily as a result of Covid-19 pandemic.

The cumulative US Shopper Worth Index (CPI) from 2017 to 2023, which serves as a reference for inflation fee changes, is about 26%. The Dominican Republic solely allowed AERODOM a complete adjustment of 18.4%, to be applied over three years: 13% in 2023, 2.7% in 2024, and a pair of.7% in 2025; All primarily based on the present contract.

The entire enhance that may apply in 2023 is $147.43 Dominican pesos (US$2.48), which is a marginal quantity within the whole price of the airfare. Likewise, in 2024, the adjustment will translate to 32.53 Brazilian {dollars} (57 US cents); In 2025 it’ll translate to US$33.65 (59 US cents). These quantities symbolize lower than 1% of the entire airline ticket.

A number of worldwide research have concluded that airport charge changes usually are not straight linked to will increase in air ticket costs, such because the examine “Aviation Worth Tendencies in Latin America and the Caribbean” performed by the specialist firm Flare Aviation Consulting; Along with the “Factoring Airfare” evaluation ready by ICF for Airports Council Worldwide Latin America and the Caribbean (ACI-LAC).

It’s extensively seen that airport charges symbolize a really low proportion of airline working prices (7% or much less in LAC). Therefore, air tickets are priced in line with the market, not in line with the working price.

Regardless of the decline within the worth of actual revenues as a result of inflation, AERODOM has continued to make vital investments in all its airports, and extra investments of greater than US$60 million are deliberate over the subsequent two years.

Realizing that the deadline for implementing this modification was too quick, AERODOM established a billing transitional process to help all airways, permitting fee to be deferred for an inexpensive time period.

Even after making use of the amendments, airport tariffs in our nation stay under the regional common, which we confirmed in a latest competitiveness examine performed by the Latin American and Caribbean Air Transport Affiliation (ALTA).

Inflation changes are a typical apply for firms in all industries, with a view to keep their revenue ranges and compensate for forex depreciation over time because of inflation.

AERODOM, below the management of VINCI Airports, has promoted the expansion of air transport because of its world community and incentive coverage. From a median site visitors progress fee of 0% till 2015, it has moved to a site visitors progress fee of 6% per yr, recording a progress of 20% in comparison with 2019 in 2023.

Due to this work, at present there are extra and higher choices for journey to and from the Dominican Republic, with greater than 30 new routes that encourage competitors and promote aggressive costs. For instance, from having solely two options for touring to Latin America, there are actually greater than 10 direct routes.

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