With consolidated earnings after taxes at around €155m, Munich Airport achieved the best result in its history in 2017. The Group again achieved a year-on-year increase of €100m in annual revenues to around €1.5bn – thanks in large part to a substantial 5.5% rise in total passengers to 44.6 million.
The airport’s strong economic performance also paid off for the neighboring communities, which will again take in business tax revenues of €35m.
In view of the record figures, Dr. Michael Kerkloh, the President and CEO of Munich Airport, is confident that the company is well prepared for the challenges that lie ahead: “This ensures that Munich Airport will be able to make the necessary investments to handle its future tasks with its own financial resources.” Kerkloh’s outlook at today’s annual press conference in Munich: “All the signs point to a continuation of our very satisfactory performance, so that we fully expect to report earnings at around the same level for 2018.”
A look at the current traffic trends in the recently launched summer timetable period confirms this assessment. With five Lufthansa Airbus A 380 aircraft now stationed in Munich, the Bavarian hub has become just the fourth European airport – after London, Paris and Frankfurt – to serve as a home base for the world’s largest passenger aircraft.
Lufthansa will operate daily services to Los Angeles, Hong Kong and Beijing with the superjumbo. In addition, the German carrier has added four plans from the Airbus A320 to its Munich fleet for medium-haul flights. This has further improved the connectivity of the Munich hub.
