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.
Press service for journalists
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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.
Continued increase in air traffic in September11.10.2021 10:16:53 CEST | Pressemelding
A total of 2.767.623 passengers traveled to or from Avinor's airports in September this year. This is an increase of 82 per cent compared with the same month in 2020, though 45 per cent lower than in September 2019.
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.
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