A stable 2019 for Avinor
Avinor’s income for 2019 amounted to NOK 11.8 billion, with a profit of NOK 665 million. Operating income is on a par with 2018, while profit has roughly halved due to an accounting provision for expected cleanup costs at Avinor’s fire training sites.
The Group’s operating income in the fourth quarter amounted to NOK 2,944 million, compared with NOK 2,915 million for the corresponding period in 2018. Operating income in the period 1 January to 31 December 2019 amounted to NOK 11,785 million, compared with NOK 11,724 in the corresponding period in 2018.
The fall in traffic income (charges) was partly offset by an increase in sales and rental income in the fourth quarter.
“It’s important that Avinor does not charge its customers, passengers, and airlines high airport charges. This means that income from commercial ventures is increasingly important for Avinor. We’re pleased that increased income is partly offsetting reductions in traffic and lower fees. Good and stable financial framework conditions are essential for ensuring a sound aviation network throughout Norway,” says CEO Dag Falk-Petersen.
Provisions reduce profit
Avinor had a profit after tax of NOK 665 million in 2019 against NOK 1,169 million for the corresponding period in 2018. The change in profits was primarily due to increased provisions for estimated cleanup costs related to environmental contaminants at Avinor’s fire training sites.
Safe and efficient operations
Over the year, average regularity and punctuality were 98 and 84 per cent, respectively.
“The most important thing for Avinor is to meet the expectations of airlines and society – the safe and stable operation of our airports. 2019 has been another year with world-leading punctuality and without major operational disruption. The Norwegian aviation network is a close and robust co-operation between airlines, Avinor, and other stakeholders at our airports. This helps to ensure that the whole of Norway can benefit from what we have to offer,” says the CEO.
Surveying the extent of fire damage
On 7 January 2020 there was a fire in a car park at Stavanger Airport Sola. The fire is believed to have started in an older diesel vehicle and quickly spread, becoming a very challenging fire resulting in considerable material damage, but no injuries. Parts of the car park collapsed. The extent of the damage is currently being surveyed, and reconstruction is being planned. The building was insured to its full value.
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Avinor to launch retail and food & beverage tender with contracts valued at €830 million17.1.2022 09:08:52 CET | Press release
Avinor is currently launching multiple contracts across retail, F&B and convenience with a combined value of 830 million euros. The tender is set up to provide attractive business opportunities, for both small and large suppliers, at Norway’s four biggest airports.
The number of passengers at Avinor's airports increased by 10 per cent in 2021: - Still very demanding times for aviation10.1.2022 12:31:16 CET | Press release
A total of 22.4 million passengers travelled through Avinor's airports in 2021. This is a growth of 10 per cent compared to 2020.
New Lufthansa routes14.12.2021 14:01:00 CET | Press release
Lufthansa to launch new daily departures between Frankfurt and Stavanger in May 2022. Capacity also scheduled to increase on a number of other departures.
The largest increase in passenger numbers for November 2021 is seen in international traffic10.12.2021 09:30:00 CET | Press release
A total of 3 113 261 passengers traveled to or from Avinor’s airports during the month of November. Compared to the same month in 2020, the traffic has increased more than threefold, but at the same time it represents a 25 percent reduction compared to November 2019.
Avinor Q3, 2021: financial challenges remain prevalent despite increase in air traffic26.11.2021 13:54:59 CET | Press release
Measured in passenger numbers and aircraft movements, traffic increased during Q3 by 50.9 per cent and 20.7 per cent respectively when compared with Q3 2020.
Increase in passenger numbers at Avinor’s airports during October16.11.2021 12:47:53 CET | Press release
A total of 3,384,000 passengers travelled to or from Avinor’s airports during the month of October. This is more than double the figure for the same month in 2020, but also represents a 32 per cent reduction compared with October 2019.
AVINOR and SINTEF in European cooperation that will accelerate innovations for a more sustainable aviation industry13.10.2021 11:59:36 CEST | Press release
The EU has awarded 25 MEUR to an ambitious project for European airports, to increase the use of new technologies in aviation. In Norway, AVINOR and SINTEF will contribute to green aviation.
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