JAKARTA. PT Angkasa Pura II (Persero) or AP II has cut its operating costs by Rp 1.8 trillion to maintain its business amid the COVID-19 pandemic.
Muhammad Awaluddin, President Director of AP II, said that the cuts were part of the company's business strategy in dealing with the COVId-19 pandemic. "Making cuts are one of the keys in facing the challenges of the COVID-19 pandemic," Awaluddin said in a press release.
Cost cutting was carried out at 19 airports operated by AP II. Awaluddin admitted that during the period of April-September 2020, the company had cut water consumption by up to 56%. Meanwhile, electricity costs has also been cut by 42.75%.
In addition, AP II has also lowered the capital expenditure (CapEx) budget this year, from Rp 7.8 trillion to Rp 712 billion.
"This year's CapEx will be focused on multiyear projects, facility maintenance, and design planning for Terminal 4 of the Soekarno-Hatta Airport ," Awaluddin said. (KR/AR)