Finances: Stuttgart wrote a loss of 24,7 million euros last year

Entrance door at Stuttgart Airport (Photo: Jan Gruber).
Entrance door at Stuttgart Airport (Photo: Jan Gruber).

Finances: Stuttgart wrote a loss of 24,7 million euros last year

Entrance door at Stuttgart Airport (Photo: Jan Gruber).
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Baden-Württemberg's largest airport, Stuttgart, had 3.582.096 passengers last year. Compared to the first year of the pandemic, it was possible to increase by 11,5 percent, but it was significantly below the pre-crisis level. Similarly, the airport performed financially.

“We are only slowly recovering from the deepest slump in the history of our company. Securing liquidity and jobs continues to have the highest priority. Passenger numbers and sales in 2021 were still well below the pre-crisis level, so the result is again clearly negative. This makes urgently needed investments for our ambitious climate goal of bringing our emissions to zero by 2040 more difficult," says Walter Schoefer, CEO.

Revenues at Flughafen Stuttgart GmbH (FSG) amounted to EUR 2021 million in the 143,8 financial year, an increase of 1,2 percent compared to the previous year. In terms of business results after taxes, FSG again has to report a significant loss of minus EUR 24,7 million (2020: minus EUR 96,9 million). The number of flight movements increased by 5,7 percent to a total of 62.135 take-offs and landings.

“We now have to position ourselves operationally and organizationally for this. Many service providers lost staff during the pandemic that cannot be replaced quickly. We do everything we can to ensure that the processes run as smoothly as possible in summer. Long-term forecasts are still difficult; we expect around six million passengers by the end of the year,” explains Managing Director Ulrich Heppe.

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Editor of this article:

Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.

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Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.

Nobody likes paywalls
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If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

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