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Gemina/Rome Airports suffer huge operating profit reduction

1-Sep-2009

Italy’s Gemina, owner of Rome Airports (AdR), has reported financial highlights for the three months ended 30-Jun-09 and the six months ended 30-Jun-09, referred to here as 2Q09 and 1H09. They show a drastic decline in operating profit (-74.3%) in 1H09. The result was partially impacted by the demise of Alitalia and a new high-speed rail line between the capital and the commercial centre of Milan. The management remains optimistic that better traffic figures in Jul-09 offer it opportunities for a recovery. [988 words]

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Subheadings:

  • Taking comfort from the poor showing of other airports
  • Passenger reductions less severe in the low cost segment

Graphs and data:

  • Gemina financial highlights: three months ended 30-Jun-2009: (EUR million)
  • Gemina financial highlights: six months ended 30-Jun-2009 (EUR million)
  • Chart 1: Gemina operating profit: 1H2008 vs. 1H2009
  • Chart 2: Gemina revenue: 1H2008 vs 1H2009
  • Comparative passenger traffic falls at major European airports: Jan-Jul-09
  • Aeroporti di Roma total passenger number growth: 2006 to 1H2009
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