Stable Q3 for Avinor
“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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You decide: Which Edvard Munch painting do you want to see when arriving at Oslo Airport?12.3.2024 08:37:49 CET | Press release
For the first time ever, the public will decide which original Edvard Munch painting will be on display at Oslo airport, this summer and autumn.
Passenger figures for February: Strong growth internationally but flat development domestically11.3.2024 12:00:00 CET | Pressemelding
3.5 million travelers used Avinor's airports in February.
Fourth quarter 2023: Reduced revenue due to changing travel patterns.12.2.2024 14:23:28 CET | Press release
“Avinor's main challenge is reduced revenues due to changes in travel patterns after the pandemic. There are far fewer business travelers than before, and Norwegians' domestic travel activity has levelled off. Lower traffic volume, lack of adjustment of airport taxes, as well as reduced revenue per passenger, largely due to reduced duty-free quota, challenge the Avinor model”, says Abraham Foss, CEO of Avinor.
The trend from 2023 continues in January: Growth abroad and flat development domestically9.2.2024 14:00:00 CET | Pressemelding
3.3 million passengers traveled to and from Avinor's airports in January. That is an increase of 2 percent compared to January last year.
Northern Norway's Skyward Surge: International Flights and Tourism on the Rise23.1.2024 13:22:01 CET | Press release
Northern Norway is experiencing a remarkable surge in international traffic, marked by a significant increase in passenger numbers and the establishment of new direct routes. This growth is most notably seen in Troms and Finnmark, with figures indicating a rapidly growing interest in the region. Avinor, in collaboration with local tourism actors and airlines, has played a crucial role in developing these routes.
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