10.02.2010
FLUG REVUE

Munich passenger traffic down five per cent

The global financial and economic crisis did not leave Munich Airport's traffic figures unscathed in 2009. Just under 32.7 million passengers - 5 percent less than in the previous year - used Bavaria's international aviation hub.

The decline is mainly a reflection of weak demand in the business travel segment that was not offset despite a parallel rise in the number of passengers traveling for personal reasons. While the share of business travelers in total traffic dropped by six percentage points to 45 percent, the proportion of personal travel rose to 55 percent. Among Europe's busiest passenger airports Munich Airport remained number seven.

The recovery of air traffic in Munich over the course of the year was plain to see in the quarterly passenger figures: after a 10 percent drop in the first quarter of 2009 as compared with the same period a year earlier, the fourth quarter figures actually showed a year-on-year increase. For the current year Dr Michael Kerkloh, the CEO of FMG, the Munich Airport operating company, expects the upward trend to continue. "From today's standpoint we expect to see an increase of about 3 percent in total passengers this year – partly as a result of a substantial expansion of our flight timetable."

Despite the decreases in traffic, FMG was able to present very respectable economic results for 2009: After depreciation and taxes, preliminary figures for the year just ended, excluding exceptional charges, show earnings for FMG of approximately 105 million euros. This represents an increase of 27 million euros as compared with the previous year, but does not include provisions for the ground handling activities, which cannot yet be stated. The total revenues of the airport operating company decreased slightly to 844 million euros. Cash flow was in the neighborhood of 175 million euros. In the FMG Group - which includes the subsidiaries - sales and revenues exceeded the one billion euro mark.

The total airfreight volume at Munich Airport, at almost 216,000 tons, was 11 percent lower than in the previous year. However - as in the passenger segment - the quarterly figures for the cargo business show a clear upward trend. After plummeting 26 percent in the first quarter, the freight volume was already posting positive results again in the final three months of the year, with an increase of nearly 9 percent as compared with the previous year.




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