When Carlo Lamprecht, State Counsellor and Chairman of the Management Board of Geneva International Airport, and Jean-Pierre Jobin, its General Manager, introduced the Annual Report of Geneva International Airport for 2003 to the press on Thursday 3 June 2004, they emphasised that 2003 had been a year of continuing growth and good financial results in an air transport context that was as difficult as ever.
The eight million passengers mark
In 2003, for the first time in its history, Geneva International Airport broke through the barrier of eight million passengers a year, which reflects a 6.2% rise in passenger traffic and is a better result than most of the airports on the Old Continent. Of course, the operations of the “low cost” airlines are certainly an important factor, but the results being shown by the “traditional” airlines are also very positive. And the steady increase in the number of passengers taking Winter charter flights shows the predominant role played by Geneva International Airport in tourism to the Swiss and French ski resorts.
Finally, for the first time in five years, air cargo operations are picking up pace again, thus rewarding the efforts made by the Management of Geneva International Airport to give that important activity a boost.
In terms of routes served, the much-awaited arrival on the scene of a US airline - Continental Airlines, operating with Swiss a second direct daily flight to New York - was the icing on the cake of a year replete with the emergence of new European routes with promising development potential.
With net profits of 27.4 million francs, slightly higher than the forecast and slightly higher than the previous year, Geneva International Airport demonstrates yet again that its finances are healthy and that it is able to keep its costs under control without neglecting its investments. As evidence of this, the first block of the new frontal departure lounges went into service in July 2003, on time and within the initial estimates.