A stable 2019 for Avinor
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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Will establish Norway as an international test arena for zero and low emission aviation.24.4.2024 09:00:00 CEST | Press release
[Oslo, 24 April] Avinor and the Norwegian Civil Aviation Authority have today entered into a cooperation agreement on the establishment of Norway as an international test arena for zero- and low-emission aircraft. The establishment will be a key measure for achieving the goal of fossil-free Norwegian aviation in 2050.
Passengers numbers increased significantly internationally, but decreased domestically in March10.4.2024 12:13:57 CEST | Pressemelding
5 million travelers used Avinor's airports in March. This is an increase of 1 percent compared to March last year. It is the international traffic that is increasing, with a whopping 12 percent. However, domestic traffic declined by 5 percent compared to March last year.
You decide: Which Edvard Munch painting do you want to see when arriving at Oslo Airport?12.3.2024 08:37:49 CET | Press release
For the first time ever, the public will decide which original Edvard Munch painting will be on display at Oslo airport, this summer and autumn.
Passenger figures for February: Strong growth internationally but flat development domestically11.3.2024 12:00:00 CET | Pressemelding
3.5 million travelers used Avinor's airports in February.
Fourth quarter 2023: Reduced revenue due to changing travel patterns.12.2.2024 14:23:28 CET | Press release
“Avinor's main challenge is reduced revenues due to changes in travel patterns after the pandemic. There are far fewer business travelers than before, and Norwegians' domestic travel activity has levelled off. Lower traffic volume, lack of adjustment of airport taxes, as well as reduced revenue per passenger, largely due to reduced duty-free quota, challenge the Avinor model”, says Abraham Foss, CEO of Avinor.
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