Vienna Airport announced a satisfactory year of 2014 in spite of crisis and strike-related challenges. Vienna Airport achieved three new long-haul routes, six new airlines and expanded frequencies and destinations drove passenger growth up by 2.2% in 2014.
Vienna Airport announced a new passenger record of 22.5 million last year.
“Attracting new airline customers and flight offerings for the Vienna hub is our clear strategic objective. Together with our partners, we generated good results in 2014, especially with respect to long-haul routes and new destinations. A great deal was also achieved in improving service quality. We already implemented more than 120 individual measures, and the newly designed Pier West represents a new benchmark at Vienna Airport”, explains Julian Jäger, Member of the Management Board of Flughafen Wien AG. “However, the crisis situations in Russia and the Ukraine as well as in the Middle East, along with strike-related flight cancellations and the generally restrained economic climate had perceptible effects on Vienna Airport. For these reasons we anticipate a drop in passenger volume in the first quarter of 2015 but a slightly positive passenger development between 0% and +2%” for the entire year 2015”, he adds.
“In spite of cautious passenger forecasts, we anticipate clearly positive results reflected in a consolidated net profit of at least € 85 million and an EBITDA exceeding € 250 million in 2015. Net debt should be further reduced to fall below the level of € 500 million”, states Günther Ofner, Member of the Management Board of Flughafen Wien AG. “The transformation of the airport into an Airport City is continuing. Now the flight hub is directly accessible via long-distance trains and the new hotel project has entered the planning phase. In particular, the ticket tax which serves as an impediment to growth should be abolished within the context of the upcoming tax reform. This would quickly create about 3,000 additional jobs, without the government losing any tax revenues on balance”, Ofner concludes.
Top destinations in 2014
The highest number of passengers flying from Vienna Airport to Western European destinations was registered by Frankfurt with 680,895 passengers, followed by Zurich with 476,290 and London with 461,630. Moscow was the most popular destination in Eastern Europe, attracting 329,513 passengers, ahead of Bucharest with 201,929 and Sofia with 162,265. Dubai was the top destination in the Middle East with 232,128 passengers, followed by Tel Aviv with 157,155 and Doha with 48,069 travelers. Bangkok was the most popular long-haul route, registering 115,726 passengers from Vienna, followed by New York with 86,284 and Tokyo with 73,715.