The listed Flughafen Wien AG can look back on a strong third quarter of 2024. Increase in passenger numbers, turnover and profit.
With 31.6 million passengers in the group, a year-on-year increase of 9.1 percent was recorded. Turnover increased by 13.3 percent to 792.5 million euros, earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 10.8 percent to 368.1 million euros and operating profit (EBIT) increased by 14. 4 percent to 268.7 million euros.
Profit for the period rose by 19.4 percent to 207 million euros, the company announced on Thursday. The cash flow from continuing operations therefore amounts to EUR 322.1 million, after EUR 286.1 million in the third quarter of 2023.
Airport has confidence in the future
The company is therefore positive about the future – provided there are no “further geopolitical effects or massive traffic restrictions”. Vienna Airport expects that by the end of the year the group will achieve a turnover of over one billion euros, an EBITDA of over 400 million euros and a profit for the period before minorities of at least 220 million euros. Investments in 2024 are expected to amount to more than 200 million euros.
The Vienna Airport Group was also able to increase its passenger numbers year-on-year from January to September. The Vienna location alone recorded an increase of 7.2 percent to approximately 24.1 million passengers, Malta an increase of 15.5 percent to 6.9 million travelers and Kosice an increase of 18.3 percent to 609,690 travelers. The number of flight movements in Vienna increased to 177,356 (plus 5.9 percent) takeoffs and landings. The freight volume also increased significantly, by 19.7 percent, to 216,360 tons.
Here too, the prospects are optimistic. In 2024 as a whole, the airport expects more than 30 million travelers for the Vienna location and more than 39 million travelers for the Vienna Airport Group (including investments).
New companies and hotels “strengthen the location”
“Vienna Airport will cross the billion dollar turnover threshold for the first time in 2024. Investments will increase to more than 200 million euros by 2024, especially in the expansion of the southern terminal, but the construction of the new hotel and new business locations will also strengthen the location,” said Günther Ofner, CEO of Flughafen Wien AG, according to the broadcast. . The main drivers are “the positive development among airlines, the growth of long-haul flights – especially to Asia – and new flight offers on short, medium and long-haul routes in the winter of 2024/2025”.
The travel boom also has its drawbacks. According to the Austrian Transport Club (VCÖ), air traffic in Austria caused 2.68 million tons of climate-damaging emissions in 2023, 40 percent more than in 2022. The aviation industry is one of the largest, alongside voestalpine, Wien Energie and OMV-kas. gas emitters in the country.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
