Munich Airport Reports Record Earnings

Munich AirportStrong growth in passenger traffic and the continuing boom in airfreight lifted Munich Airport to yet another very successful year in 2015. On March 23 the airport (IATA: MUC) announced a year-on-year increase in Group sales, which rose to approximately €1.25 billion. Based on preliminary figures, the FMG Group achieved total earnings after taxes (EAT) of €135 million.
At this year’s annual press conference, Dr Michael Kerkloh, the President and CEO of Munich Airport, noted that it is not only FMG, the airport operating company, that benefits from this success: “This is the best result in the history of our company. It is also very good news for the neighbouring communities. They are going to receive about €35 million in business taxes for 2015; €7 million more than in 2014.”
There was also a €10 million increase in EBITDA – operating earnings before interest, taxes, depreciation and amortization – to €490 million. Cash flow also improved by €34 million to reach €460 million.
Some 41 million travellers – more than ever before – used Munich Airport as a starting point, destination or stopover in 2015. This represented an increase of 1.3 million passengers, or 3.2%, compared with the previous year. The number of airlines offering scheduled services in Munich increased from 91 to 97. At the same time, seven new destinations were added, bringing the total to 247, and flights were available to 70 different countries – two more than in 2014.
The official opening of the new satellite terminal next month will also mark the start of a new stage of development for Munich Airport. Dr Kerkloh described what passengers can now look forward to: “As one of the world’s most advanced passenger facilities, the satellite terminal will offer passengers pleasant surroundings, a wide range of shopping and dining options, and outstanding travel convenience in attractive and spacious areas flooded with natural light.”