Munich Airport posts robust revenue growth in 2017
April 12, 2018: German aviation hub Munich Airport has reported year-on-year increase of Euro 100 million in its annual revenues during 2017, to around €1.5 billion, due to 5.5 percent surge in the passenger traffic.
During 2017, its annual profit stood at €155 million, which marked the airport’s best year ever.
Michael Kerkloh, president and CEO, Munich Airport, who expressed confidence to face challenges in the future said: “Munich Airport will be able to make necessary investments to handle its future tasks with its own financial resources."
“All the parameters point towards continuation of our satisfactory performance, and we are confident to maintain our earnings at around the same level during 2018,” said Kerkloh.
After London, Paris and Frankfurt, it has become the fourth European airport to accommodate superjumbo A380s. The Bavarian hub is home to five A380s.
Lufthansa will operate daily services to Los Angeles, Hong Kong and Beijing with A380. Additionally, the carrier has added four plans from the Airbus A320 to its Munich fleet, for medium-haul flights.
Another important component enhancing Munich Airport's hub status is the upgrade of the Lufthansa fleet, with modern Airbus A350 long-haul jets.
The Munich Airport 2108 summer timetable includes a more extensive range of intercontinental flights and destinations than ever before.
“The new long-haul services have greatly strengthened our airport's global network. Munich is becoming more and more attractive as a springboard for travel to other continents,” said Kerkloh.
The Lufthansa subsidiary Eurowings is also helping to maintain the momentum of this trend. From the beginning of next week, Eurowings will be launching new long-haul services to and from Munich. The airline will offer scheduled services from Munich to 15 intercontinental destinations – including holiday hotspots, such as Cancun, Fort Myers, Mauritius, Montego Bay and Las Vegas.
As a result, travellers will have the option to fly low-cost airlines on long-haul routes, for the first time. Thanks to Eurowings, the share of low-cost carriers traffic in Munich is expected to increase to around 11 percent in 2018.