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Amsterdam's bleak outlook for 2009

24-Feb-2009

Schiphol Group reported its financial and traffic highlights for the 12 months ended 31-Dec-08. They reveal a hefty reduction in both operating and net profit as passenger numbers slid by 0.8% at Amsterdam Schiphol Airport, Europe's fifth largest and home to KLM. CEO, Jos Nijhuis, pronounced himself 'satisfied' with the result, although prospects for 2009 remained bleak with an anticipated reduction in passengers of up to 10% over the year. Schiphol Group will renew its focus on enhancing its Airport City. [1019 words]

Unlock the following content in this report:

Subheadings:

  • Revenue increase came to less than 1%
  • Lower prices will take effect Apr-09
  • Schiphol refocuses on its impressive Airport City

Graphs and data:

  • Amsterdam Airport passenger numbers growth and cargo volume growth: Jan-08 to Dec-08
  • Amsterdam Airport passenger numbers growth and cargo volume growth: 2002 to 2008
  • Amsterdam Airport Schiphol EBITDA and EBITDA margin: 2002 to 2008
  • Amsterdam Airport Schiphol revenue growth and EBITDA growth: 2002 to 2008
  • World Trade Centre at Schiphol
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