Flughafen Wien struggles as airline turmoil intensifies

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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