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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79.8 per cent decrease in passenger traffic at Avinor’s airports in June9.7.2020 10:35:03 CEST | Pressemelding
The traffic statistics for Avinor in June shows a 79.8 per cent decrease in passenger traffic compared to 2019. The international traffic is reduced by 96 per cent compared to last year.
Avinor and the Norwegian Association of Air Sports (NLF) acquire new electric aircraft7.7.2020 09:41:35 CEST | Pressemelding
In 2019, Avinor and NLF's electric plane, LN-ELA, had to make an emergency landing during a demonstration flight. Now an order has been placed for a new electric aircraft which constitutes an important part of the commitment to the electrification of aviation.
Avinor receives NOK 15 million from Innovation Norway24.6.2020 14:14:39 CEST | Press release
This week, Avinor's project, "Automated Baggage Handling", was at the top of Innovation Norway's competition for innovation partnerships. The project receives a total of NOK 15 million in funding.
Traffic numbers for may 202010.6.2020 11:04:17 CEST | Press release
In total, the number of passengers at Avinors airports, declined by -87.2 per cent compared with last year.
Invitation to dialogue conference on baggage handling28.5.2020 10:27:20 CEST | Press release
Avinor Oslo Airport is now looking for innovative suppliers who can help develop solutions for more efficient baggage handling between the baggage hall and the aircraft.
First quarter 2020: Profit and solidity strongly affected by the pandemic13.5.2020 15:04:38 CEST | Pressemelding
The loss of traffic and revenue at the airports has made it necessary for Avinor to enter into a dialogue with the owner about measures to strengthen the Group's liquidity and equity.
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