The group’s operating income in the third quarter of 2016 amounted to NOK 2,960 million compared with NOK 2,941 million during the corresponding period last year. Profit after tax NOK 539 million, against NOK 521 million for the same period last year.
“Avinor delivers safe and effective operations in a period with major expansion projects. Our efforts to modernise the company and make it more efficient are also on schedule”, says CEO Dag Falk-Petersen.
Slight growth in traffic
Air traffic measured in the number of passengers travelling through Avinor’s airports in the period 01/01 – 30/09/2016 increased by 1.3 per cent compared with the corresponding period last year. Flesland and Sola had a combined reduction in traffic of 3.8 per cent, while at Oslo Airport there was a 3.9 per cent increase. Traffic in Western Norway is still affected by the downturn in the oil and gas industry, but this is counterbalanced by growth in the rest of the country.
Growth within air cargo
Oslo Airport consolidates its position as the biggest cargo market in the Nordic region. The Norwegian aquaculture industry is seeing strong growth in international markets in Asia, Africa and the US, with new cargo routes established by Emirates, Cargolux and AirBridge Cargo.
Avinor Air Navigation Services wins international competition
In September. Avinor Air Navigation Services was chosen to supply air traffic control and flight navigation services at Torp Sandefjord Airport over the next five years, this in competition with several international companies. This contract shows that the company delivers a competitive service. Moreover, an agreement has been reached with the Norwegian Armed Forces for the operation of air navigation services at Rygge military airport.
Ambitious climate goals
In connection with the effort to reduce greenhouse gas emissions, Oslo Airport, Værnes, Flesland, Sola and Kjevik airports renewed their international Airport Carbon Accreditation. Oslo Airport and Værnes are accredited at the highest level (level 3+), while the other airports have level 2 accreditation. Ambitious targets have been set for reducing greenhouse gas emissions towards 2020.
Expansion projects at Oslo Airport and Bergen Airport Flesland are on schedule in terms of progress and budget. The project at Gardermoen is approximately 97 per cent complete and Flesland about 92 per cent complete. The new Oslo Airport opens on 27 April 2017, while the new Flesland opens on 17 August 2017.
The group’s modernisation programme is on schedule and preliminary projected savings are above target. In the past 12 months, cuts in full-time equivalents amount to 104. The programme's targeted cost-savings of NOK 600 million per year from 2018 remain the same.
View Q3 report on Avinor.no: https://avinor.no/en/corporate/about-us/financial-information/reports
Avinor is responsible for the 46 state-owned airports and air navigation services for civilian and military aviation in Norway. This network links Norway together - and links Norway to the world.
Avinor is a driving force in environmental work in aviation and a driving force to reduce the combined greenhouse gas emissions from Norwegian aviation. The company has a leading role in the work on developing and delivering biofuel for aircraft. Every year Avinor contributes to safe and efficient travel for around 50 million airline passengers. Around half travel to and from Oslo Airport.
More than 3,000 employees are responsible for planning, developing and operating airports and air navigation services. Avinor is funded by aviation fees and commercial sales at the airports.