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Aviation

Munich Airport makes a record jump in total passengers

Wednesday, February 13, 2008

With the biggest passenger increase in its history – a gain of 3.2 million – the Munich Airportramped up its passenger volume to a new record level of approximately 34 million in 2007. This represents a 10.4 percent increase over the previous year. Among Europe’s Top 10 airports, only Madrid achieved a faster growth rate.

The booming traffic figures were also reflected in the airport’s business results: After depreciation and taxes, FMG, the Munich Airport operating company, preliminary figures show after-tax earnings of approximately 45 million euros. Total revenues amounted to approximately 793 million euros. In terms of the entire FMG Group – in other words including the subsidiaries – our total revenues actually topped the 1 billion euro mark for the first time.

Thanks to the above-average traffic growth again last year Munich Airport solidified its hold on seventh place in the rankings of Europe’s busiest airports. In the global ranking Munich also moved up again, rising from 30th to 28th.

“With this performance, the Munich hub has stepped up the speed of its rapid rise in the rankings of the global air transportation hubs. This is a substantial boost to our economy and especially for employment and prosperity in Bavaria,” said FMG CEO, Dr. Michael Kerkloh, at the annual press conference.

A factor guaranteeing Munich Airport's continued growth is the appealing range of destinations offered in the intercontinental and European segments. In 2007, there was an increase of approximately 17 percent in the number of passengers traveling on long-haul flights, which are so vitally important to Bavaria’s economic competitiveness.

This was a much stronger gain than in the previous year. With 2 million more passengers than in 2006, the European segment also achieved double-digit growth last year while solidifying Munich’s status as a springboard to Eastern Europe. The number of passengers and routes between the Munich hub and Eastern European destinations was up by one quarter. Growth in domestic traffic, at 7 percent, was lower than the overall rate.

The aircraft operated by airlines at Munich Airport were more heavily booked in 2007 than ever before: Because growth in the total passenger volume was stronger than the rise in the number of seats offered for the sixth consecutive year, the airport set yet another record for the average load factor: As compared with 2006 the average load factor in each aircraft was up 1.7 percentage points to 73.4 percent. This is even more remarkable in view of the fact that airlines have been continually increasing the size of the aircraft used on Munich routes for several years. In 2007 the average take-off weight (MTOM) of aircraft on scheduled and charter flights was 2.6 metric tons heavier than in the previous year.

Munich Airport handled an average of 93,000 passengers a day in the year under review. A new single-day record of 122,241 was set on September 28, 2007.

“2007 was without doubt the most successful year in the history of Munich Airport,” said Kerkloh. In view of the dynamic traffic growth the airport CEO was prompted once again to stress the importance of completing the third runway in the near future.

“Our growth rates in terms of total passengers and aircraft movements were well above the average annual increases indicated in the long-term forecast that comprises the basis of our long-term planning. Once again we have confirmation of the experience that has become a hard and fast rule: Munich Airport grows faster than every forecast,” said Kerkloh, summing up the airport’s performance in 2007.

* The financial results for 2007 are based on preliminary calculations.

Vicky Karantzavelou - Wednesday, February 13, 2008

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