Stuttgart-Echterdingen Airport was able to generate sales of EUR 2022 million in the 203,8 financial year. The bottom line is a loss of 16,1 million euros. The airport, from which almost all low-cost airlines withdrew in the wake of the corona pandemic, was used by seven million travelers.
Although the state airport of Baden-Württemberg was able to increase by 2021 percent compared to the Corona year 95,3, the elimination of low-cost airlines such as Lauda, Ryanair, Easyjet and Blue Air also meant that in 2022 only 55 percent of the pre-crisis volume could reach. The deficit for 2021 was 24,7 million euros and has recently been lower, but management should be aware that significantly more passengers are needed to be able to build on the black numbers that were there before the pandemic. It is therefore not surprising that there are said to be talks with Ryanair and other low-cost airlines again. But there is a lot of talk in the industry and what comes out of it is always a different matter.
“In the 2022 financial year, we achieved a better result than originally expected. We also owe this to the commitment of our workforce. Our task now is to completely overcome the economic consequences of the pandemic, to take account of current developments such as the energy crisis and inflation, and at the same time to create the conditions for achieving our climate goals. Our company is in a solid financial position for this,” says Stuttgart boss Ulrich Heppe.
With regard to the state airport's ambitious climate targets, Ulrich Heppe said: "For us, business success and sustainability are inextricably linked. That is why the transformation to climate-friendly flying is the greatest challenge for us. By 2040 at the latest, the emissions from our airport operations should be reduced to zero. To do this, all of our buildings and terminals must be fundamentally renovated in terms of energy. This requires investments of more than two billion euros. The preparatory work for this complex large-scale project has now begun.”