Vienna Airport has announced it will reopen Check-in 1 – formally Terminal 1 – in January 2013 with Air Berlin/NIKI operating from the terminal.
Check-in 1 is currently undergoing a modernisation project to revamp the walls, flooring and lighting concept and is scheduled for completion early in the New Year. The improvements follow the opening of Vienna’s Skylink Terminal (Check-in 3) in June.
The airport has also announced it achieved 5.1% revenue growth in the first nine months of 2012, with total revenue reaching €457.5 million (£369.2 million) and net profit at €71.7 million (£57.8 million).
“We are on the right course. The measures implemented to increase productivity, reduce costs and streamline the organisational structure are producing the intended results. We were also able to cut the costs for Check-in 3. For 2012 we are expecting positive net cash flow and a slight reduction in net debt,” commented Günther Ofner, CFO of Flughafen Wien AG, on the latest financial results. “Even though earnings will be negatively affected by increased depreciation, amortisation and operating costs as well as higher interest expense for Check-in 3, we are optimistic that we will reach all our targets for this year.”
The airport expects slightly negative for the fourth quarter of 2012, in part due to maintenance and repairs that were rescheduled for this period as well as the generally slower growth in passenger volumes. Net profit for the full 2012 financial year should therefore equal or be slightly lower than the first three quarters.
“The sound development of passenger traffic has had a positive effect on revenue and earnings. Our core business is developing well and we are optimistic that we will reach our forecast for an increase of roughly 5% in the number of passengers this year,” explained Julian Jäger, COO of Flughafen Wien AG. “Consequently, high quality services and a modern infrastructure are our top priority. We are currently modernising Check-in 1, which will open in January 2013 as the new terminal for Air Berlin/NIKI. The shopping offering at the airport will also be expanded in the near future. Detailed contract negotiations are now underway with several operators, and we are optimistic that the leases will be signed by the end of this year.”