Flughafen Wien struggles as airline turmoil intensifies

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Flughafen Wien Group, parent of Vienna International Airport, has presented its financial report for the three months (2Q09) and six months (1H09) ended 30-Jun-06. Revenue was down by 10.3% in 1H09 and EBITDA by almost 25%. The most recent quarter witnessed a further deterioration and net profit fell by 44%. The company faces difficulties handling the ailing SkyEurope, which has at least temporarily been shown the door, and with a government audit amidst suggestions that it failed to inform shareholders of cost over-runs on the new Skylink terminal.

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