Good results despite slower growth


25.03.2020

Genève Aéroport closes the year 2019 with a net profit of 84,1 million CHF, down 1,2% on 2018 (85,1 million CHF). Turnover was 493,9 million CHF, up 0,8% on 2018. Investment reached the historic level of 249,8 million CHF. This high level of investment (+65% on 2018) was due, notably, from the East Wing project, which has entered its final construction phase, and the progress made on the new Baggage Logistics Centre.

The company’s financial situation is healthy and has proven its resilience, despite a slowdown in passenger traffic growth in 2019. Generated from aeronautical revenues (56,4%) and non-aeronautical products (43,6%), such as the revenues from shops, car parks and rentals, turnover is up 0,9% to 493,9 million CHF.

Aeronautical revenues increased by 0,9% to 278,7 million CHF, which is in line with the rise in passenger numbers. Non-aeronautical revenues rose to 215,2 million CHF, up 0,6%. Although the airport undertook large-scale renovation projects and carried out work to adapt the shops and restaurants, commercial revenues grew.
 
By the end of the year, Genève Aéroport registered a net profit of 84,1 million CHF, half of which will be paid to the State of Geneva. Indeed, over five years, the independent public institution has contributed 204 million CHF to the State’s budget.

Passenger numbers rose by 1,4% (17'926’625 passengers in 2019), while the total number of landings and take-offs dropped by 0,6% to 186'043 aircraft movements: larger aircraft paired with filling more seats explain this phenomenon that was noted in 2018. The year 2019 saw the number of movements operating between 22:00 and 06:00 down 5,2% on 2018. The largest drop was for take-offs, with 15,5% fewer movements, thanks to the operational measures taken by Genève Aéroport.

With regard to freight, operations slowed by 10,9% in 2019 with a volume of 84'927 tonnes (95'270 tonnes in 2018). Genève Aéroport employed 1’069,7 full-time equivalents (an increase of 53,9 FTE in 2019).

In 2019, 57 airlines flew to 149 destinations (121 in Europe and 28 international). The five most popular cities remained London, Paris and Amsterdam, followed by Porto and Barcelona. In terms of market share (passenger numbers), the top five positions were held by easyJet (44,8%), SWISS (14%), British Airways (5%), Air France (4,1%) and KLM (2,5%). Europe remained Geneva’s biggest market, attracting nearly 16 million passengers. Air service outside the Old Continent continued to develop with a connection flying four times a week to Nairobi, a long-haul flight operated by Kenya Airways, and an additional weekly flight to Addis Ababa, since 13 June 2019.
 
Higher investment

Over 270 projects were carried out in 2019, totalling 249,8 million CHF of investment. This record amount demonstrates the airport’s dedication to continuing to modernise its infrastructure, particularly as 64% went on the buildings. In addition to the conclusion of the East Wing, which will be operational by the end of 2020, a major project commenced in 2019: the Baggage Logistics Centre. This ambitious and particularly complex project will replace the current, outdated sorting system by installing the latest generation scanners (EDS3) to meet security regulations. Construction will take place while the system is still being used and will be operational by 2022.

At the end of the year, with the extension of the SAIP (Sectoral Aviation Infrastructure Plan for Geneva), adopted in 2018, the Board of Directors approved the plan for 2020-2040, a compass broadly guiding future investment by anticipating various scenarios ensuring that the airport will be able to adapt and build infrastructure that is essential for its future.

Passenger satisfaction up

Finally, passenger satisfaction is regularly measured by conducting different surveys among travellers, including Airport Service Quality (ASQ), a benchmark for airport satisfaction. Overall satisfaction has gone up slightly on 2018 (from 3,85 to 3,92 out of 5). In total, over 10'000 passengers were questioned in the terminal and 10'000 people online.


The 2019 annual report is available online.


Press contact:
Genève Aéroport
Madeleine von Holzen, spokesperson
madeleine.vonholzen@gva.ch ; +41 22 717 70 13

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