2007 was a record year


27.05.2008

In their presentation to the press of the GVA Annual Report for 2007 on Tuesday 27 May 2008, François Longchamp , State Councillor and Chairman of the GVA Management Board, and Robert Deillon, General Manager,  noted that the business year had been an exceptional one for the airport: nearly 11 million passengers, and a profit of more than 51 million francs. And François Longchamp said that those results should encourage Geneva International Airport to start preparing for the future now.

The upswing in passenger numbers, 10'910'870 in 2007 (+9,5%), was due particularly to expanding air services, with more than 100 destinations served by scheduled flights, more than a quarter of them outside Europe. Among the notable events was the arrival of Qatar Airways, which offers two long-haul routes, Doha-Geneva-New York (Newark), five times a week. Other airlines had started flights to new destinations, like Geneva’s Flybaboo, which serves Naples and Marseilles. EasyJet,  GVA’s leading airline with a 34% passenger market share, had boosted its network by bringing its Geneva-based fleet up to eight aircraft and by flying to new destinations. And SWISS had confirmed its second place with 11.5% of total traffic. New "low cost" airlines had emerged and, generally speaking, most airlines had increased their regular flights, proof that there was indeed demand in Geneva and the surrounding region.

Those excellent results in terms of traffic had quite naturally had an impact on aeronautical and commercial revenues. Total turnover rose by 9.8%, to over 280 million francs, and net profits passed the 50 million francs mark for the first time, at 51.6 million, half of which went to the State, as required by law.
Investment expenditure was in the region of 67 million francs, marking the start of a cycle of major alteration works (extension of terminal T1+, creation of a new satellite, repairs and renewal of the runway lighting).

The works of the future

François Longchamp, State Councillor and Chairman of the Management Board, pointed out in his statement  that the results - "exceptionally extensive" as they were - should not be seen as sufficient. The ongoing works did not allow the Airport "to wait for the future. (...) We must plan in the short term for a new terminal, probably on the site of the old terminal". Mr. Longchamp also talked about airspace and traffic flow management, while stressing that those ambitions "must not lead to unbearable harmful consequences for nearby residents". He noted finally that the Airport needed better accessibility by road and rail, an aim to be pursued in consultation with the authorities of other partners (Vaud, the Confederation, Swiss Railways).