Hamburg airport makes €37.3 Million profit in 2013

Hamburg Airport has reported it made a profit of €37.3 million in the 2013 financial year, and says the result was ‘stable’. The figure was slightly down on the €39 million profit it made in 2012, while turnover was €254.5 million, up on the €251.5 million in 2012, and 13.5 million passengers were handled, 1.4% less than the previous year. 

Michael Eggenschwiler, CEO of Hamburg Airport, says: “Hamburg Airport is satisfied with the last financial year. Despite the slight reduction in passenger numbers we managed to achieve a stable commercial result.”

The 2013 figures were influenced by several factors the airport says, such as the Euro-crisis, and minimal European economic growth of 0.4%, that both made themselves in the airline sector with insolvencies and cost cutting. Also having an impact, was the new profit-sharing agreement also coincided with higher expenditure for pension provisions, leading to increased personnel costs.

The high cost of maintaining the traffic infrastructure also made its mark on the annual result, Hamburg Airport says, along with unforeseen occurrences, that had a cumulative commercial impact amounting to millions of euros. This includes, the long winter with substantial amounts of ice and snow, seven days of strike action, and significant restrictions on operations on three days caused by heavy autumn storms.

Eggenschwiler, adds: “Hamburg Airport overcame this difficult environment with the great commitment of its personnel. The good work done is underlined by the airport once again winning the coveted ‘Best Airport Europe’ award from Europe’s airport association, ACI Europe.”