Weak results in first quarter – cost-cutting to continue
Avinor is continuing its efforts to reduce costs after posting a loss of NOK 46 million in the first quarter. Operating income in the first quarter amounted to NOK 2,587 million, compared with NOK 2,509 for the corresponding period in 2018. A loss after tax of NOK 46 million has been recorded, compared to a loss of NOK 36 million for the corresponding period in 2017.
“The first quarter is usually weak in the aviation sector, and this year is no exception. This stresses the importance of continuing our efforts to cut costs and further streamline the business,” says Avinor CEO Dag Falk-Petersen.
In keeping with the owner’s expectations of “more transport for every penny”, Avinor initiated a cost-reduction programme. The programme includes initiatives to reduce both operational and administrative costs. Safe and stable operations are a prerequisite of this.
“The company aims to be a preferred provider in a competitive market and continues its efforts in implementing the adaptations necessary to achieve this goal. Alongside cost reductions, we must maintain our focus on safe and efficient operations and continue our efforts to provide travellers the best possible experience,” continues Falk-Petersen.
Competition results in cost-cutting
In 2017, the Storting adopted a white paper on the operations of Avinor, stating that Avinor had to put air traffic control services out to tender. The goal is less expensive and/or better services. As a result of this, air navigation service contracts for Ålesund and Kristiansand airports were set out for competition last year. In February, Avinor’s board of directors agreed to award a five-year contract to the Spanish firm Saerco, starting on 1 March 2020. This will save Avinor around NOK 15 million annually.
Good customer service
In March, the international industry organisation for airports, ACI, named Oslo Airport and Bergen Airport as the best in Europe for customer service in their respective categories. Bergen also won the award for the airport with the best progress in customer service in 2018.
Download the interim financial report on Avinor.no: https://avinor.no/en/corporate/about-us/reports/reports
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Limited passenger growth and reduced number of flights in 201910.1.2020 09:14:47 CET | Pressemelding
A total of 54 million passengers travelled through Avinor’s airports in 2019, which is an increase of 0.6 per cent compared to the previous year.
Stable Q3 for Avinor27.11.2019 12:19:29 CET | Pressemelding
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.
Successful first landing by passenger aircraft using Remote Towers in the Arctic19.10.2019 12:11:38 CEST | Press release
Aviation history was made when the Remote Tower Centre in Bodø, Norway went “live” on the 19th of October. The Remote Tower Centre successfully guided its first commercial passenger flight to the Arctic airport of Røst in Norway.
Silkway west airlines goes for salmon - new freighter airline to Avinor Oslo airport25.9.2019 08:54:42 CEST | Pressemelding
As of Friday the 27th of September Silkway West Airlines will inaugurate its long expected freighter operation from Avinor Oslo Airport, connecting The Norwegian salmon Industry with its global Hub in Baku.
August: Decline in domestic traffic while international traffic increases10.9.2019 11:17:01 CEST | Pressemelding
Compared to august last year, Avinor experienced a 1 percent decline in passenger numbers. A total of 4, 953 523 passengers traveled in August.
Reductions in traffic and provisions weaken second quarter result28.8.2019 11:32:35 CEST | Press release
Avinor’s operating income during the second quarter was NOK 3 billion. The group had a loss after ta of NOK 406 million, compared with a profit of NOK 183 million in the corresponding period in 2018.
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