Interim financial report 2nd quarter 2021
Fewer aircraft movements and passengers result in sharp decline in traffic revenues and commercial revenues.
Compared to the second quarter of 2020, air traffic measured in number of passengers increased by 68.2 per cent. Measured in aircraft movements, it increased by 39.9 per cent. For the half year, the level was 77 per cent lower than the level in 2019, measured in terms of the number of passengers, and reduced by 49.6 per cent compared to the first half of 2020.
-Towards the summer season 2021, there has been an increase in travel activity, as a result of increased vaccination rates and easing of entry restrictions. At the same time, an increase in infection pressure and the prevalence of more contagious viral mutations mean that there is still uncertainty about how traffic will develop in the long term,CEO Abraham Foss emphasizes.
The vaccination program, decisions by the authorities related to documentation requirements and infection control regulations, test regime and travel restrictions, as well as the airlines' outdoor planning, determines when traffic will stabilize at an increased level.
As part of Avinor's own financing, efforts are being made to secure and develop commercial earnings. In June, it became clear that Travel Retail Norway and Airport Retail Norway have won tenders to operate duty-free at Avinor's airports in the period 2023-2027.
Avinor has awarded the contract for a new baggage facility at Oslo Airport to the supplier BEUMER Group. The total contract value, including an operating agreement of 25 years, is approximately NOK1.4 billion.
Development in Bodø and Helgeland
The pre-project for a new airport in Bodø has been completed and submitted to the state for quality assurance and decision-making. The new airport will be financed through contributions from the state, Bodø municipality and Avinor. The Ministry of Transport has received a report with external quality assurance (KS2) of Avinor's pre-project for the new airport.
In the revised national budget, a limit of NOK 3.3 billion has been entered for a new airport in Mo i Rana, including a local contribution of NOK 600 million. The Ministry of Transport has specified the conditions for the local contribution. Avinor is in the process of obtaining the necessary licenses and permits for the project, as well as mobilizing the building organization.
Return to self-funded business
In the second quarter of 2021, Avinor received a grant of 1.450 million NOK, which is recognised in its entirety as a grant from the state. In the same period last year, the grant was NOK 2,100 million.
-Avinor's goal is to ensure that the Group can do without operating subsidies as quickly as possible and will continue 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 a long-term situation picture for aviation, Foss concludes.
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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.
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.
First quarter marked by the pandemic18.5.2021 13:46:45 CEST | Pressemelding
Fewer flight movements and fewer passengers have resulted in a sharp decline in revenue.
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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