After two years of heavy losses, Zurich Airport was able to break even. The main contributors to this development were the real estate business and the recovery of the commercial centers. A passenger volume of 26 million people is expected for the current year. The recent success also allows the airport to pay out dividends to shareholders.
“After two years of losses, there will be a clear profit again in 2022. International air traffic is steadily recovering and the rapid restart of operations since early summer has been a success thanks to the great commitment of everyone involved. Our commercial income has also recovered and real estate income is at a new high,” CEO Stephan Widrig reports.
The development of the figures at Zurich Airport is impressive: the number of passengers rose from 15.000 to 90.000 in the first half of the year. Last year 2022, 22,6 million passengers were transported via Zurich Airport, which represents a doubling of passengers compared to the previous year. To make this increase even more recognizable: in the specific month of February 2023, 1.733.649 passengers were able to use the airport be transported to Zurich. Compared to the period last year, this represents an increase of 77 percent. Compared to February in 2019, the number of passengers in the reporting month is 85 percent.
The number of flight movements in 2022 was 216.585, which would correspond to an increase of 63 percent compared to 2021. Compared to 2019, the said number is 79 percent. In February of the current year, the number of 15.810 flight movements was managed, which means an increase of 37 percent compared to the same month last year. Compared to 2019, February's current figure would be 80 percent.
The volume of freight also recorded a significant increase: in 2022 Zurich Airport transported 422.153 tons, in parallel with 2021 this represents an increase of 7 percent. This year's volume of freight is 2019 percent compared to 93. In February 2023, 31.737 tons could be shipped. This represents a 10 percent decrease from the same month last year, while the figure of 31.737 tonnes of cargo represents a 2019 percent decrease compared to 13.
With the so-called recovery, which benefited the development of traffic and the revitalization of the commercial centers, aviation revenues were able to reach the mark of one billion Swiss francs. Aviation income developed from a value of 240,6 million Swiss francs to 491,1 million. Zurich Airport was thus able to significantly increase aviation revenue over time: compared to 2019, the current figures for aviation are 74 percent. On the other hand, the Zurich-based airport also saw an increase in non-aviation earnings compared to the normal earnings of an airport. These now amount to 532,4 million Swiss francs, an increase of 21 percent. Current non-aviation revenues correspond to 92 percent compared to 2019. Due to a high level of cost discipline, the airport was able to counteract cost increases as a result of inflation and increasing energy.
The operating result before interest, taxes, depreciation and amortization amounts to 555,6 million Swiss francs after a significant increase. Compared to last year, this result means an increase of 87 percent compared to last year. Last year, the operating result was 256,3 million Swiss francs. Zurich Airport's group result for the past year was 207 million Swiss francs.
The airport of Switzerland is also counting on further developments in its business in the future, it expects the ongoing recovery, with which a passenger volume of 26 million passengers should be reached in the current year. In addition, due to the return to profitability, the distribution of dividends to shareholders can now be carried out, the payout ratio should be 40 percent.