Significant revenue increase across Finavia’s network
Posted: 2 September 2022 | International Airport Review | No comments yet
Finavia’s revenues have increased by 181.8 per cent during the review period (January to June 2022), due to substantial growth in passenger activity.
Finavia’s revenues increased by 181.8 per cent during the review period and amounted to €134.2 million (47.6) due to substantial growth in the number of passengers and flights. The operating margin before extraordinary items improved by 171.3 per cent and came to €18.7 million (-26.2).
The operating profit before extraordinary items was €-39.4 million (-77.2), an increase of 48.9 per cent.
Revenues from business operations at Helsinki Airport (HEL) increased by 186.4 per cent and amounted to €87.5 million. Operating profit was €-24.8 million.
Revenues from Finavia’s network airports increased by 86.9 per cent and came to €26.1 million. Operating profit was €-17.6 million.
Airpro’s revenues totalled €33.4 million and operating profit was €-1.0 million.
Finavia launched a cost-cutting programme in June 2020 with the aim of reducing operating expenses by €200 million and investments by €100 million by the end of 2023. By the end of June 2022, savings of €179 million had been achieved in operating expenses and €51 million in investments. The cost-cutting programme progressed on schedule.
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Revenues and operating profit by business area in January to June, 2019 to 2022
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Aeronautical revenue, Air traffic control/management (ATC/ATM), Airside operations, Passenger experience and seamless travel, Passenger volumes, Terminal operations
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