Global Airport News
Vienna airport operator Flughafen Wien AG reported a 16 percent drop in first-quarter net profit, weighed down by a sharp decline in traffic to emerging Europe, but slightly better than what the market had expected.
Net profit in the quarter to March fell to 17.5 million euros ($24.5 million) as revenue declined 6 percent to 121.4 million euros, Flughafen said on Tuesday. Analysts polled by Reuters had on average forecast 16 million euros in net profit.
A 15 percent decline in passenger traffic in the first three months was the main factor for the drop in revenue, Flughafen said. Passengers travelling to the emerging countries of Europe fell 18 percent, while Middle Eastern traffic held up better.
Flughafen continued to predict traffic would improve again in the rest of the year, reiterating a full-year traffic decline outlook of 9 percent.
Flughafen is the main hub for Austrian Airlines the carrier being taken over by Germany's Lufthansa AG
