First quarter marked by the pandemic
Fewer flight movements and fewer passengers have resulted in a sharp decline in revenue.
Avinor had a profit after tax of minus NOK 256 million in the first quarter of 2021 compared to a deficit of NOK 476 million in the same quarter of 2020.
Passenger traffic is around 80 per cent lower than the level in 2019 and the decrease is greatest at the airports with international traffic. Air traffic, measured in number of passengers and flight movements over Avinor's airports, decreased by74.3 per cent and 41.4 per cent respectively compared to the first quarter of 2020.
-Avinor aims to ensure that the Group can operate without subsidies as quickly as possible and be self-funded again.There is still considerable uncertainty associated with the forecasts for air traffic, but they give a somewhat more optimistic picture than before.We see that domestic traffic in particular is increasing and will continue to increase this summer.The pace of the vaccination programme, decisions by the authorities related to documentation requirements, entry restrictions and infection control regulations, as well as the airlines' route planning determine when foreign traffic will increase," explains Avinor CEO Abraham Foss.
Continuing efforts of efficiency towards 2024
Avinor continues its efforts to streamline operations to ensure the Group's financial strength in the longer term. Avinor's strategic priorities,including the level of operating costs and investments, will be adapted to Avinor's financing capacity and the development of Norwegian aviation.
Development projects and new contracts
A total contract has been entered into with ConstoNord for the construction of a new terminal at Tromsø Airport. The new terminal will be ready by the end of 2023/2024.
The pre-project for a new airport in Bodø has been completed and submitted to the state for quality assurance and decision-making. It is planned that the new airport will be financed through contributions from the state, Bodø municipality and Avinor.
The revised national budget includes a limit of NOK 3.3 billion for a new airport in Mo I Rana,including a local contribution of NOK 600 million.Avinor is in the process of obtaining necessary licenses and permits for the start-up of the construction project, as well as mobilizing the construction organization.
As part of Avinor's own financing, efforts are being made to secure and develop commercial earnings. Tender competitions for a new dutyfree contract were announced in January 2021 and a new parking contract at Oslo Airport in April 2021.
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Traffic at Avinor's airports continues to increase10.9.2021 16:35:08 CEST | Press release
2,460,928 passengers traveled to or from Avinor's airports in August 2021. This is a decrease of about 50 per cent compared with the normal year 2019, but at the same time an increase of about 45 per cent compared with 2020.
Interim financial report 2nd quarter 202127.8.2021 12:00:00 CEST | Pressemelding
Fewer aircraft movements and passengers result in sharp decline in traffic revenues and commercial revenues.
Preparing for a different summer at Avinor's airports22.6.2021 13:47:46 CEST | Pressemelding
This summer at Avinor's airports will be different from what passengers are used to from the time before the pandemic. Especially for those travelling to and from abroad.
Strong competition to provide tax-free retail at Avinor’s airports21.6.2021 12:00:00 CEST | Pressemelding
Norwegian firm Airport Retail Norway (ARN) and Norwegian-German firm Travel Retail Norway (TRN) are the winners of the tax-free competition for Avinor’s airports. The tendering competition saw widespread international participation with strong competition among the bidders. The winning tenders are forecast to generate NOK 18 billion in revenue for Avinor over a five-year period.
Avinor announces tender competition for parking at Oslo Airport worth 2 billion NOK12.4.2021 11:58:30 CEST | Pressemelding
This week, Avinor is announcing a tender competition for operation of the parking areas at Oslo Airport. The contract is estimated to a value of approximately 2 billion NOK, for a contract period running from 1. January 2022 until 31. December 2026.
Major investment in Autonomous Runway Sweepers – signs contract worth up to EUR 40 million8.4.2021 07:57:07 CEST | Pressemelding
Avinor is stepping into the future of winter operations and committing itself fully to autonomous runway sweepers. Following a rigorous procurement process, a framework contract for a period of 8 years has been signed with Norwegian company Øveraasen AS. The technology company Yeti Move AS, based in Kongsberg, is a subcontractor and will provide the autonomous solutions.
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