Schiphols 1H08 operating profit down by 23pct as CEO asks for help with charges and costs

The Schiphol Group reported a 16.3% slump in EBITDA and an 8.3% reduction in net profit (excluding fair gains on property and a non-recurring tax credit) for the six months ended 30-Jun-08, prompting calls by the airport operator for a re-think of passenger taxes at Amsterdam.  First half revenue rose an anaemic 1.7% on traffic growth of around 2% at the Group's airports (Amsterdam, Rotterdam and Eindhoven), making it one of weakest performers among its peers.

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