Munich Airport set new records for passengers and airfreight
MAR 28, 2015: Munich Airport achieved outstanding financial results in 2014, with consolidated revenue again showing a slight year-on-year increase to approximately 1.2 billion Euros. Based on preliminary figures, earnings after taxes (EAT) for the FMG Group amounted to 100 million Euros, and thus matched the high level of the previous year. Addressing the FMG Group's annual press conference in Munich, CEO Dr. Michael Kerkloh expressed great satisfaction with the results, "With this performance, Munich Airport remains one of the few airports in Germany still generating significant profits." Group EBITDA, at 475 million Euros, was about 2 percent higher than the previous year's figure. The EBITDA margin was up one percentage point to 40 percent. With close to 40 million travellers arriving and departing, Munich Airport had yet another record year in 2014. The total passenger traffic rose by nearly 3 percent to 39.7 million. The increase in passenger numbers in Munich in 2014 resulted entirely from gains in international traffic. The strongest growth was seen in the intercontinental segment, where traffic increased by 7 percent to 6.2 million pas-sengers. About half of the increase can be attributed to the new long-haul ser-vices to Houston, Mexico City and Miami. The number of passengers travelling on routes within Europe and to destinations in North Africa was up nearly 3 percent to more than 24 million. The strong passenger demand also resulted once again in an increase in the average load factor of aircraft in Munich, which rose to a new all-time high of 75.9 percent. The airfreight segment also reported new records: The total volume of cargo increased by 8 percent to a record level of over 291,000 tonnes. When air-mail is included, the cargo volume handled in Munich actually exceeded 309,000 tonnes. By contrast, the statistics show a slight decline in aircraft movements: A total of about 377,000 take-offs and landings took place in 2014: a decrease of 1.4 percent from the previous year. To cope with traffic growth in the coming years, FMG and Lufthansa are building a satellite terminal on the eastern apron with a capacity of 11 million passengers per year. The facility is due to be completed by autumn of this year. Several months of extensive trial runs will then be carried out to ensure thorough testing of all technical systems. With regard to the concrete timetable, Kerkloh said, "The new passenger handling facility will go into operation during the 2016 summer timetable period – and before the end of June. We will announce the exact opening date in the middle of this year."