Cargo volumes at Munich Airport drop 5% in FY2019
Munich Airport witnessed a 5 percent drop in annual airfreight and air mail figures, according to its 2019 earnings report. However on the passenger side, the traffic increased by 1.7 million, or nearly 4 percent, to a new all-time high of 47.9 million. During the same period, the number of take-offs and landings rose by 1 percent to nearly 417,000. In the intercontinental segment, which is a key driver of the airport's business performance, passenger numbers were up by an impressive 9 percent. Approximately 8.4 million passengers took advantage of the 59 intercontinental connections offered at Munich Airport.
With the new gains in connectivity, Munich was able to further strengthen its position as an international hub. "We want to continue that trend when the current global crisis in aviation is over. Despite the expected massive decreases in traffic this year, our airport retains its enormous potential for continued dynamic growth," says Jost Lammers, the President and CEO of Munich Airport.
For Thomas Weyer, the FMG CFO and director of Infrastructure, the outstanding financial results are significant especially in the context of the current challenges: "The fact that we posted the best result in our company's history in 2019 will help us in 2020 to weather the massive declines in traffic and revenues caused by the coronavirus pandemic. We are now benefiting from the substantial reserves built up through the successful operation of our airport."
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