Hamburg Airport profit up 18% for 2011, forecasts 4% pax growth in 2012

Germany's Hamburg Airport reported (12-Apr-2012) a 17.7% year-on-year increase in profit to EUR49.2 million as annual passenger numbers at the airport exceeded 13 million for the first time in 2011. Looking ahead, Hamburg Airport CEO Michael Eggenschwiler forecasts a 3.7% growth in passenger traffic in 2012 but warned "there are, however, dark clouds on the horizon: the Aviation Charge is damaging Germany's aviation industry and the rising price of fuel is putting the breaks on the upturn". Details of the airport's financial and traffic results for 2011 are as follows:

• Revenue: EUR253.3 million, +1.9% year-on-year;
• Profit: EUR49.2%, +17.7%;
• Passenger numbers: 13.6 million, +4.6%;
• Cargo volume: 67,729 tons, -5.4%;
• Aircraft movements: 158,076, +0.6%. [more - original PR]