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Avinor in third quarter – Operating well and new terminal in Bergen

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Q3 characterised by increase in passengers, stable operations and the opening of a new terminal at Bergen Airport Flesland. Profit after tax for Q3 was NOK 615 million, compared to NOK 538 million during the same time period last year. So far this year, the profit has been reduced by half a billion NOK to NOK 385 million compared to the same time period last year.
Air traffic measured in the number of passengers travelling through Avinor’s airports in the period 01/01 – 31/09/2017 increased by 4.4 per cent compared with the corresponding period in 2016. Oslo Airport grew by 7.2 per cent, while the combined growth of other airports came to 1.4 per cent.
Over the past 12 months, average regularity has been recorded at 99 per cent and average punctuality has been recorded at 87 per cent.
The opening of the new Bergen Airport Flesland
The new terminal at Flesland was opened on 17/08/2017 as planned. The extension project will be completed within the planned budget.So far Avinor has launched new terminals at both Oslo Airport and Bergen Airport, according to schedule and with high quality.
Resolutions in the Ownership Report
The Ownership Report was decided upon in the Norwegian Parliament in June, 2017. Among other things, these documents announced Avinor’s plans for a third runway at Oslo Airport and a new airport in Bodø. The government also states that the work on separating Avinor Flysikring AS from Avinor AS shall continue.
Service concession Haugesund
At Haugesund Airport, the government is requesting Avinor to make way for a service concession so that the operations at the airport can be transferred to someone else than Avinor through a tender process, or a so called service concession model. This means that Avinor cannot make an offer on the tender, but Avinor can still retain ownership of the airport. The Norwegian Ministry of Transport and Communications assumes that Avinor is accounting for previous experiences with exposing operations at Haugesund Airport to competition, as part of the tender process.
Modernisations on track
The savings forecast for the group’s modernization program is above target. The programme’s targeted cost savings is NOK 600 million annually from 2018 compared to the Group’s prior long term plan. This Group is expected to achieve this with a comfortable margin.

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