Danantara Transformation Strengthens InJourney Airports' Business Performance

PT Angkasa Pura Indonesia (Persero) or InJourney Airports posted operating revenue of Rp10.23 trillion in the first semester of 2026, a 3% increase from the same period last year. This achievement reflects the company’s efforts to improve its performance amid challenges in the aviation industry due to geopolitical conditions in the Middle East. The main driver of InJourney Airports’ revenue increase came from the management of non-aeronautical businesses. This resulted from beautification efforts at major airports, including strengthening the tenant mixing concept in airport commercial areas to combine various tenants and deliver a shopping experience. Regarding challenges in the aeronautical business, InJourney Airports, along with regulators and stakeholders, is synergising to increase the opening of international flight routes to support the tourism industry. Efforts include supporting the Ministry of Transportation in the ASEAN-China Working Group on Regional Air Service Arrangements meeting in Yogyakarta on 7-9 July 2026 and Routes Asia in Xi’an on 14-16 April 2026, to attract foreign airlines to add flight routes to Indonesia. “Danantara continues to encourage InJourney Airports to transform and build a resilient business portfolio in both aeronautical and non-aeronautical lines to create sustainable value in the national aviation industry while delivering benefits to the public,” said InJourney Airports President Director Mohammad Rizal Pahlevi in a statement on Thursday (23/7/2026). “Thanks to the transformation carried out under Danantara, InJourney Airports has been able to maintain revenue growth amid global challenges, particularly supported by the increase in non-aeronautical business,” Rizal added. One of the transformations undertaken is the strengthening of the non-aeronautical business through the development of commercial areas and production tools at Soekarno-Hatta Airport in Tangerang and I Gusti Ngurah Rai Airport in Bali since last year. At Terminal 3 of Soekarno-Hatta Airport, the commercial area was rearranged to provide the best shopping experience for airport service users. Meanwhile, Terminal 1C features a shopping arcade concept open to both passengers and the general public. This concept is supported by a decentralised security screening system, allowing the commercial area to be accessed before entering the restricted area at the departure gate. The commercial area at I Gusti Ngurah Rai Airport in Bali has been developed with a single flow concept and the provision of outlets featuring well-known global brands, including Duty Free Shops, F&B, and lounges. I Gusti Ngurah Rai Airport has also improved access to and from the airport and accelerated the departure process by providing more security screening facilities at checkpoints. These upgrades give passengers more time to enjoy the best experience inside the airport. Meanwhile, Sultan Hasanuddin Airport in Makassar has operated a new terminal equipped with a modern commercial area since November 2025. The operation of this new terminal has increased the airport’s capacity to 15.5 million passengers per year, a significant rise from the previous capacity of around 7 million passengers per year. Rizal stated that the contribution of non-aeronautical revenue will continue to be increased in line with best practices in the global airport industry. “Currently, the contribution of non-aeronautical revenue at InJourney Airports reaches around 38% of total operating revenue, up from 30% before the transformation was carried out when it was still Angkasa Pura I and Angkasa Pura II. We will continue to strengthen the business, both aeronautical and non-aeronautical, to achieve a stronger revenue structure, sustainable business growth, and for InJourney Airports to continue creating added value for the aviation and tourism industries, ultimately boosting the national economy,” Rizal explained. On the financing side, InJourney Airports restructured its financing arrangements with creditors using the InJourney Group Financial Solutions concept in the first quarter of 2026. A tangible impact of this financing restructuring was a 10% decline in interest expenses in the first semester of 2026 compared to the same period last year.