Hong Kong Airport Express Line increased its passenger growth by 2.7%

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AEL Train 3

HONG KONG: MTR Corporation has released interim results for the half year ending 30 June 2017, showing a 2.7% patronage increase on the Airport Express Line.

HK Airport Express Line has carried 8 million passengers during the first half of this year, compared to 7.8 million passengers carried during the same period last year. Average daily ridership on the AEL is 44.2 thousand passengers.

MTR’s overall share of the franchised public transport market in Hong Kong in the first five months of 2017 was 48.8%, compared to 48.3% in the corresponding period of 2016. Competition from other modes of transport saw the market share to and from the airport declined from 21.4% to 21.3%.

The half year interim results also show fare revenue increase of 3.5% for HK Airport Express Line, earning the company $HK 503 million this year so far.

Fare revenue growth was supported by adjustments to fares, as well as patronage increase. Fares on the Airport Express were raised by an average of 9.6% commencing on 18th June 2017. This is the first adjustment to fares on the line since its opening in 1998.

Announced in 2016, Rail Gen 2.0 is a major programme to enhance the experience of travelling on MTR in the context of an extended “next generation” of railway services for Hong Kong. It comprises new rail projects, major upgrades and replacements to the existing rail network and an enhanced customer experience. Major upgrades and replacements of infrastructure and facilities include new trains and Light Rail vehicles, replacement of signalling systems and chiller systems, and major interfacing works at stations.

The existing signalling systems on the Island, Kwun Tong, Tsuen Wan, Tseung Kwan O, Tung Chung and Disneyland Resort lines, as well as the Airport Express are being replaced at a total cost of HK$3.3 billion.