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Dynamic growth in air traffic brings Bavarian hub back on track for success

Number of Munich Airport’s passengers in 2022 rises to around 70% of pre-crisis level. Munich Airport doubles revenue to around EUR 1.2 billion; Net profit improved by over 200 million euros.

A dynamic traffic development brought Munich Airport significantly improved financial results in fiscal year 2022. With a passenger volume of 31.6 million passengers – 19 million more than in the previous year – the airport already reached around 70% of its pre-crisis level. Revenue was almost doubled year-on-year to around 1.2 billion euros. Earnings before interest and taxes (EBIT) amounted to –28 million euros, an improvement of 258 million euros on the previous year. Munich Airport posted earnings after taxes (EAT) of  –59 million euros, thus reducing the previous year’s loss by around 200 million euros.

Photo of Management Board from left to right: Jost Lammers (President and Chief Executive Officer / Personnel Industrial Relations Director), Nathalie Leroy (Chief Financial Officer / Chief Infrastructure Officer), Jan-Henrik Andersson (Chief Commercial and Security Officer).

As the CEO of FMG, Jost Lammers, emphasized at the company’s annual press conference today, Munich Airport has also achieved an economic turnaround thanks to the positive traffic development in 2022. Lammers commented: “We expect this encouraging trend to continue in the current year, too. In 2023 we anticipate another significant increase in our revenue, opening up the prospect for us to return to the black already in the fourth year after the start of the worst crisis in the history of aviation.”

The positive traffic development was particularly attributable to connections to North America: Since July 2022, traffic between Munich and destinations in the US has even been higher than the pre-pandemic level. With the start of last winter’s flight schedule, traffic on routes between the Bavarian capital and Asian destinations also increased again. This growth in travel to Asia will continue in 2023 as Chinese destinations are added. Lammers sums up: “We have regained our position as a premium international hub. One clear indication of this is that we increased the number of our intercontinental passengers almost fivefold compared to the previous year. This year, our passenger numbers will reach around 80% of their pre-crisis level again.”

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.