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Munich Airport earns 95 million euro profit

Flughafen M��nchen GmbH (FMG) can look back at a very successful year in 2013 in terms of passenger figures and business results: Based on preliminary figures, the FMG Group achieved total earnings after taxes (EAT) of 95 million euros. As a result, FMG's earnings in 2013 and Group sales, at approximately 1.2 billion euros, were at the previous year's levels. Cash flow, a vital factor for investments, increased by 24 million euros to 465 million euros.
In view of the difficult economic conditions in Europe and the cost-cutting programmes being implemented by many European airlines, Dr. Michael Kerkloh, the CEO of FMG, expressed satisfaction with the stable performance of Munich Airport: "Our ongoing economic success enhances our capital market viability as well as the investment capability we will need in particular for our strategic expansion projects.
The 38.7 million passengers counted in 2013 represent a new record. The average aircraft load factor was up 0.7 percentage points to 75.2 percent �C the highest level recorded since the airport went into operation in 1992. The average number of seats offered per flight increased from 138 to 144.
In total about 382,000 take-offs and landings took place in 2013: a decrease of 4 percent from the previous year. Again in 2013, many airlines were able to absorb the higher passenger demand by adjusting their fleets through a switch to larger aircraft in the short and medium-haul segments. In the airfreight segment, the results at Munich Airport in 2013 were close to the previous year's levels. Total airfreight turnover amounted to about 270,000 tons.
As in the past, hub traffic proved to be a stabilizing factor last year. The airport held the share of connecting passengers at the previous year's level of 39 percent. Also unchanged were the number of destinations served and the number of seats offered. The strongest growth in passenger traffic was seen in the European and intercontinental segments, which both posted gains of about 2 percent. By contrast, the number of passengers flying on domestic routes in Germany declined by approximately 3 percent. This was due to the aviation tax, among other factors.
With its traffic figures for 2013, Munich Airport was able to solidify its competitive position at the international level. In terms of passenger traffic, the Bavarian hub was the seventh busiest airport in Europe in 2013, as in 2012, and ranked number 30 in the world.

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