Vienna: Terminal 2 and City Airport Train will start on March 29, 2022

Terminal 2 at Vienna Airport (Photo: Jan Gruber).
Terminal 2 at Vienna Airport (Photo: Jan Gruber).

Vienna: Terminal 2 and City Airport Train will start on March 29, 2022

Terminal 2 at Vienna Airport (Photo: Jan Gruber).
Advertising

Vienna-Schwechat Airport had around 10,4 million passengers last year, significantly fewer than before the corona pandemic. Financially, however, one got away with the proverbial “black eye”.

Vienna Airport, including its foreign subsidiaries Malta Airport and Kosice Airport, recorded a total of 13,1 million passengers in 2021, a passenger drop of 66,8 percent compared to the pre-crisis year 2019. Vienna Airport also recorded a massive drop in passengers in 2021 and counted 10.405.523 .2021 passengers in 67,1, still 2019 percent fewer travelers compared to pre-crisis levels (XNUMX).

For the current year 2022, the Executive Board expects around 21 million passengers across the group. Of these, around 17 million travelers are said to be in Vienna-Schwechat. While from today's perspective the first three to six months will still be weak, a significant increase in passengers is expected from the summer and in the second half of the year.

"Despite the corona crisis, Flughafen Wien AG was able to close 2021 positively and, in contrast to most other airports, was clearly in the black thanks to a tough austerity program, short-time work and the recent increase in passenger numbers. 2022 promises a strong upswing and more passengers. I would like to thank all employees for their great commitment during this difficult time of crisis, despite the salary reduction. What is now important is the further dismantling of travel restrictions and an end to all entry checks at the airport. Instead, checks should only be carried out before departure in the future. We are deeply concerned by the current events in Ukraine and I welcome the West's determined response and sanctions. As in 2015, we are ready at any time to participate in the reception and care of refugees. The current flight cancellations affect around 4% of the passenger volume, indirect effects cannot yet be estimated. Despite the uncertainty caused by the crisis, climate protection is still our focus: Austria's largest photovoltaic system at the airport will soon go into operation in order to make airport operations CO2023-neutral from 2," says Günther Ofner, CEO of Flughafen Wien AG.

Terminal 2 and City Airport Train will start on March 29, 2022

From today's perspective, the redesigned Terminal 29 will go into operation on March 2022, 2 and offer passengers a completely new travel experience: In addition to the new central security checkpoint and the new shopping and dining options, one highlight is the new airport lounge on around 2.400 m² overlooking the airport apron. The City Airport Train will also resume operations on March 29, 2022 and will offer travelers the usual fast and comfortable connection directly to Vienna's city center, as well as free WiFi on board.

"On March 29, 2022, the redesigned Terminal 2 will go back into operation. Passengers can look forward to a completely new travel experience in a modern ambience with a lounge measuring around 2.400 m², a central security checkpoint and an additional baggage claim station. The trains of the City Airport Train will also run regularly again from this day on," says Julian Jäger, CEO of Flughafen Wien AG. “At Easter, around 165 and in summer up to 190 destinations can be reached directly from Vienna, which is almost the same as before the crisis. It is still difficult to assess how the autumn and the fourth quarter will develop, as this mainly depends on the further development of the COVID-19 pandemic. The current events in Ukraine are very tragic, especially for those affected, who have to experience unbelievable suffering here, and I hope that the acts of war will end soon. The crisis is also noticeable in international aviation, there are currently no flights between Russia, Ukraine and Vienna. Nevertheless, due to the overall good traffic development and the strong summer flight schedule, from today's perspective we expect around 17 million passengers at the Vienna location in 2022 as a whole - that would be 70 percent more than in the previous year".

Terminal 1A, on the other hand, will remain closed. Although the number of passengers is on the upswing, they are not yet at the level to be able to reactivate Terminal 1A. "If there is a future need, the pier can be put back into operation in a very short time," said VIE board member Julian Jäger in the online press conference on the balance sheet results.

Sales increased by around 2020 percent compared to 27,4

Revenues in the Airport segment increased by 2021% year-on-year to €27,4 million in 169,5, segment EBIT improved to minus €14,6 million. The Handling & Security Services segment recorded a Growth of 9,7% to € 94,4 million, the segment EBIT improved to minus € 6,6 million. This also includes the security services of VIAS and the handling services of Vienna Aircraft Handling (VAH) and Vienna Passenger Handling Services (VPHS) included. In the Retail & Properties segment, sales increased by 2021% to € 16,9 million in 82,4. The segment EBIT amounted to € 30,5 million. The sales of the Malta segment increased by 2021% to € in 47,3 47,4 million, the segment EBIT amounted to € 11,0 million. Revenues in the "Other segments" segment increased by 2021% to € 11,8 million in 13,3. The segment EBIT was minus € 1,1 million

For 2022, the Management Board expects a positive Ebitda of around 172 million euros. The annual result is forecast at around 20 million euros. Net debt is expected to drop to around 50 million euros. Investments of around 84 million euros are planned.

The VIE numbers at a glance:

Consolidated income statement

In million €20212020change in %
Sales407,0333,722,0
Other company income17,17,5128,0
Operating performance424,1341,224,3
    
Expenses for material and purchased services-29,8-29,31,4
Personnel expenses-193,1-202,9-4,8
Other operating expenses-47,6-52,1-8,7
Impairments / write-ups on accounts receivable-0,2-1,6-90,2
Pro rata results for the period at equity companies0,2-1,2did
Earnings before interest, taxes, depreciation and amortization (EBITDA)153,754,1184,1
    
Scheduled depreciation-134,1-132,51,2
impairments-0,4-8,0-95,5
Earnings before interest and taxes (EBIT)19,2-86,5did
    
Income from investments excluding at-equity companies0,50,5-8,9
Interest income2,02,2-11,2
Interest expense-13,1-15,7-16,5
Other financial result0,2-1,5did
Financial result-10,4-14,427,9
    
Earnings before income taxes (EBT)8,8-100,9did
    
Income taxes-2,725,2did
Profit or loss for the period6,1-75,7did
    
This includes:   
Shareholder of the parent company3,2-72,8did
Non-controlling interests2,9-3,0did
    
Earnings per share (in €, diluted = undiluted)0,04-0,87did

Balance sheet ratios

In million €31.12.202131.12.2020change in %
ASSETS:   
Long-term wealth1.761,31.882,6-6,4
Short-term assets308,9290,76,3
    
LIABILITIES:   
Equity1.313,91.305,50,6
Long term debt502,0535,2-6,2
Short term debt254,2332,6-23,6
    
total assets2.070,12.173,3-4,7
    
Net debt150,4201,9-25,5
Gearing (in%)11,515,5did

Cash flow statement

In million €20212020change in %
Cash generated from operations105,8-23,0did
                from investing activities-38,822,5did
                from financing activities-116,488,8did
    
Free cash flow66,9-0,5did
    
CAPEX151,679,9-35,5

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Editor of this article:

[ssba buttons]

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

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).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

About the editor

[ssba buttons]

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

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).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Advertising