It comes despite jet fuel prices in the APAC region going down by 6.5 per cent week on week and prices globally stabilising following Russia’s invasion of Ukraine.

The outlay will also include developing 190 hectares of its land holdings, which it said would help it “diversify” its business.

The high figures are largely a result of airlines being slow to return in numbers to Australia, with capacity – or seats for sale – down 45 per cent on pre-pandemic levels.

The force added that in the last year, there were 50 ‘intoxication’ incidents and 10 assaults at Gold Coast Airport alone.