Stable Q3 for Avinor
Avinor’s operating income during the third quarter was NOK 3.2 billion. Profit after tax was NOK 770 million, compared with NOK 704 million in the corresponding period in 2018.
“We experienced quality, safe and efficient operation at our airports in Q3. We cut our overheads further and maintained revenues,” says CEO Dag Falk-Petersen.
The Group’s operating income in the third quarter amounted to NOK 3,244 million, compared with NOK 3,249 million for the corresponding period in 2018. Adjusted for Haugesund Airport, which was leased out in May 2019, traffic increased by 0.7 percent measured in number of passengers.
Total operating expenses including the cost of sales amounted to NOK 1,568 million, compared with NOK 1,679 million for the corresponding period in 2018.
Profit after tax was NOK 770 million in the third quarter, compared to NOK 704 million in 2018. The Group made a profit after tax of NOK 364 million, between 01.01 - 30.09.2019, compared to NOK 887 million for the corresponding period in 2018. The change in profit was primarily due to increased provisions for estimated cleanup costs related to environmental contaminants at Avinor’s fire training sites. See the interim report for Q3 2019.
Remote Towers milestone
The Remote Towers project reached an important milestone on 19 October 2019, when Røst airport was the first airport to be approved by the Norwegian Civil Aviation Authority for remote tower operations. Avinor has a new remote tower Centre in Bodø under construction, scheduled for operation in the second half of 2020. Avinor plans remote tower services for up to 15 airports from the new centre by the end of 2022.
Bodø project progresses
After having examined five development options for a new airport at Bodø, the project was given the go-ahead on 22 October 2019. The pilot project should be completed by the end of 2020. Quality assurance of the project is also in progress under the auspices of the Ministry of Transport and Communications, and the Ministry of Finance. The final financing of the project is yet to be decided.
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Stricter border controls at Avinor Oslo Airport16.3.2020 14:01:04 CET | Press release
From 08:00 today, the Eastern Police District implemented stricter border controls at Oslo Airport. The Norwegian Home Guard will be standing by to ensure security and provide guidance to the police. In this regard, the Norwegian Home Guard has been granted limited police authority.
Nine short runway airports to be closed temporarily for commercial traffic13.3.2020 14:12:12 CET | Press release
Avinor has decided to close nine short runway airports (STOL airports) temporarily for commercial traffic from Wednesday 18 March. This is done to enable displacement of personnel and equipment to other airports. Emergency preparedness for ambulance aircraft will be available.
The coronavirus affects air traffic in Norway11.3.2020 08:41:03 CET | Press release
In February, there was low growth in air traffic compared to the same month last year, and total traffic increased by 1 percent. The coronavirus affected traffic at the end of the month and so far, March has also shown a decline in traffic.
Norway – a driving force and arena for electrification of air travel6.3.2020 13:29:55 CET | Press release
The Norwegian Ministry of Transport has commissioned Avinor and the Norwegian Civil Aviation Authority to develop a proposed program for the introduction of electrified aircraft. The report suggests that by 2030, the first regular domestic scheduled flights in Norway will be operated with electrified aircraft.
Gaute Riise takes over as Vice President of Traffic Development25.2.2020 09:36:40 CET | Press release
Gaute Riise is the new Vice President of Traffic Development at Avinor, taking over from Jasper Spruit. Riise starts in the position on March 1st.
A stable 2019 for Avinor14.2.2020 13:35:14 CET | Pressemelding
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.
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