Genève Aéroport ended the 2018 financial year with a net profit of CHF 85.1 million, a 7.9% increase compared to 2017 (CHF 78.9 million). Turnover amounted to CHF 490.2 million, a 5.1% increase compared to 2017. Investments reached a historical record of CHF 151.3 million and are fully self-financed.
The company’s financial situation is healthy and demonstrates a good capacity for resilience to traffic evolution lower than its increase over the past years. The CHF 490.2 million turnover, generated by aeronautical revenues (56%) and non-aeronautical revenues (44%) such as retail revenues, car parking and renting, rose by 5.1%.
Aeronautical revenues increased by 6.1% to CHF 276.2 million, mainly due to the increase in passenger number (+1.9%) and the increase in the security charge from January 2018. The noise charges increased significantly, due to the increase in the noise tax as of 1 January 2018, which is charged to all aircraft in a progressive manner in relation to the noise class (the most expensive for the noisiest aircraft). Non-aeronautical revenues reached CHF 214 million, a 3.9% increase, despite the disruption due to major works in the commercial area and the moderate growth in passenger numbers.
Genève Aéroport thus managed to generate a net profit of CHF 85.1 million, half of which is paid to the State of Geneva. As a reminder, over the past five years the autonomous public institution has contributed CHF 207 million to the State treasury.
The number of passengers increased by 1.9% (17,677,035 passengers in 2018), while the total number of landings and take-offs fell by 1.9% to 187,162 movements: the choice of larger aircraft and a higher seat-load factors partly explain this phenomenon. Freight activity continued its positive trend with a 7% increase in 2018 to 95,270 tonnes (89,012 tonnes in 2017). Genève Aéroport employs 1015 full-time equivalents.
In 2018, Geneva was operating flights to 148 destinations served by 57 airlines, the most popular being London, Paris and Amsterdam, followed by Porto and Barcelona. In terms of market share (number of passengers), the top five are easyJet (45%), SWISS (11.8%), British Airways (4.9%), Air France (4.1%) and Lufthansa (3.8%). For long-haul flights, the most popular continents are Asia and the Middle East, followed by America and Africa. The opening of the Ethiopian Airlines’ line to Addis Ababa in 2018 completes a good quality air servicing which provides the connectivity required for the region’s prosperity.
The highlight: the adoption of the SAIP
The 2018 year was an intense one, culminating with the Federal Council’s adoption of the first Sectoral Aviation Infrastructure Plan (SAIP) for Geneva on 14 November. This document sets in a binding manner the general framework for the operation and development of the platform, in particular with regard to noise and environmental protection.
In particular, the SAIP provides a specific framework for the infrastructure adaptation programme (passenger, baggage and aircraft flows). In this sense, it facilitates the implementation of future investments and allows for a managed development of the airport in coordination with the cantonal master plan. It lays down the opening hours, and will also limit late take-offs after 22:00, stabilise, then reduce the noise impact, improve servicing, public transport access and airport infrastructure. In order to reach the target curve, Genève Aéroport will focus on three specific areas: changing the fleet of airlines (noise tax, incentives); reducing delays and developing the platform quality.
In 2018, Genève Aéroport organised more than fifty meetings with public authorities, associations and companies in the France-Vaud-Geneva region to raise their awareness of the platform’s challenges in view of the entry into force of the SAIP and to discuss its content. The objective is to ensure that the airport’s mission serves national and regional interests in safe and consistent operational use and a sustainable development of the airport, while limiting the platform’s environmental footprint. In this respect, the Plan is a solution which balances all the interests involved and ensures the development of air traffic in Geneva which takes into account the requirements of sustainable development.
Finally, Genève Aéroport has just renewed its certification at the highest level ACA3+ with the Airports Council International, ACI. In 2018, 211 airports were certified, but only 37 benefit from the ACA3+, which attests to the carbon neutrality of the airport infrastructure.
Future baggage sorting: an example of the complexity of the works on the platform
Investments of CHF 151.3 million increased by 20.8% compared to CHF 125.2 million in 2017 and represent an all-time high. The construction of the exoskeleton of the East Wing, the construction works on the Vengeron Reservoir, which retains run-off from part of the tarmac, and the T1 Boosted, the first step towards the deployment of 3D security X-ray machines in the coming years, are among the 260 infrastructure projects which were carried out in 2018.
A major new project, the Baggage Logistics Center (BLC), which aims to replace the current baggage sorting system, is now under way. This project will be carried out by Genève Aéroport, while maintaining operations, and will be commissioned in 2022.
The 2018 annual report is available online
Madeleine von Holzen
+41 22 717 70 13