Finavia's Business Review January-March 2018

Reports
Published
9.5.2018 - 16:11
Air traffic control tower in Helsinki airport.
Strong beginning for 2018 supported by passenger volume growth. Total passenger volume grew 11.3 per cent growth compared to the corresponding period in 2017.

Finavia’s year 2018 begun strongly as the total passenger volume grew to 5.9 million. The positive development of the operating environment continued to support the growth in passenger volumes and revenues. The increase in holiday and business travel was influenced by the positive development of the overall economic situation.

The passenger volume at Helsinki Airport increased in the beginning of the year at a faster pace than at other Nordic main airports. Strategically important transit passenger volume at Helsinki Airport increased by 24.2% during the period under review. Comparable revenues increased during the first quarter by 13.6% to EUR 97.5 million. The positive development was mainly caused by the increased passenger volume.

The ongoing work related to the Helsinki Airport development program proceeded well during the first quarter. Preparations for the expansion of Terminal 2 were continued towards a potential investment decision during the review period. No new implementations or investment decisions were made during the first quarter.

“It is essential to Finavia that airport services are developed in a customer-centric way. This also applies during the extensive renovation of Helsinki Airport, with passenger volumes growing at the same time. Helsinki Airport was recognised for its good work in passenger experience development, as it was voted the best airport in Northern Europe in the 2018 SKYTRAX World Airport Awards held in March,” Finavia CEO Kimmo Mäki says.

Finavia's Business Review January-March 2018