Belgium’s Brussels Airport revenue and EBITDA down in 2Q2009; needs LCCT progress
MAp’s Brussels Airport reports a drop in revenues and EBITDA in 2Q2009 and 1H2009 as passenger growth slipped back following a brief rally. Cargo volumes continue to rally and the letting of a new cargo facility helped boost property and estate income. The airport needs its new low cost terminal to open on schedule in Oct-2009, but it has been mired in a legal dispute as organisations acting on behalf of legacy airlines attempt to block it. [1211 words]
Unlock the following content in this report:
- 9.5% increase in EBITDA in 2008 becomes -15.5 % in 1H09
- BRU desperately needs a low cost terminal to compete with fast-growing Charleroi
- Brussels Airlines and Jet Airways reduce capacity/use smaller aircraft
- Property revenues the bright spot
Graphs and data:
- Brussels Airport financial highlights: three months ended 30-Jun-09 (EUR million except RVP)
- Brussels Airport financial highlights: six months ended 30-Jun-09 (EUR million except RVP)
- Brussels Airport revenue, EBITDA growth and revenue growth: 1Q2008 to 2Q2009
- Financial performance Brussels Airport, 2002-2008
- Brussels Airport passenger number growth and cargo volume growth: Jul-2008 to Jun-2009
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