Zurich Airport Group (SIX:FHZN) on Tuesday reported the best half-year result in its history, with revenue, EBITDA, and consolidated profit all improving in the first six months compared with the prior-year period. Consolidated profit rose 6% to CHF 161.3 million from CHF 151.8 million.
Revenue from flight operation charges rose CHF 11.7 million, or 4%, to CHF 281.0 million in the first half of the year. Aviation fees and other aviation revenue increased to CHF 46.2 million, up CHF 2 million.
Total aviation revenue grew from CHF 313.5 million to CHF 327.3 million, a 4% increase, driven partly by stronger growth in local passenger numbers, who pay higher fees than transfer passengers.
Commercial and parking revenue fell 1% to CHF 132.2 million due to reduced retail space in the landside area during construction.
Real estate revenue held nearly unchanged at CHF 98.4 million, with rising rental and leasing income offset by lower energy and utility cost allocations.
Revenue from services was CHF 25.2 million, similar to the prior-year period. Revenue from the international airport business declined from CHF 60.6 million to CHF 57.6 million, mainly from lower construction project revenue.
Excluding this income statement-neutral item, international business revenue rose 14% or CHF 7.1 million.
Total non-aviation revenue decreased 1% to CHF 313.4 million. Adjusted for construction project revenue, non-aviation revenue grew by CHF 5.9 million, or 2%.
Operating expenses fell 1% to CHF 281.8 million. Adjusted operating expenses, excluding construction projects, rose 3% compared with the first half of 2024.
Source :
https://www.investing.com/news/stock-market-news/zurich-airport-hits-record-halfyear-profit-on-passenger-surge-4210083
