Mainport strengthened

New growth, an expanded network and a gradual return to profitability.

2010 Highlights:  

• Further strengthening of the Main Port, with continued growth in the passenger and cargo segments and further expansion of the network.
• The network expanded and now includes 301 destinations (+17) of which 139 are ICA destinations (129 in 2009); we welcomed 7 new airlines.
• Further strengthened our position at JFK following expansion of Terminal 4 for Delta Airlines.
• Demonstrated operational robustness under difficult circumstances (volcanic ash cloud, wintry weather).
• New baggage system components commissioned.
• Reorganisation now in final stages (-17% FTE since start in 2009).

Key results: 

• Net revenue of EUR 1,180 million
• Net result of EUR 169 million
• One-off result of JFK transaction: EUR 28 million (before tax)
• Negative impact of volcanic ash cloud and wintry weather in European airspace: EUR 20 million (before tax)
• One-off financial expense of EUR 19 million (before tax) due to buy-back of bonds resulting in lower future interest expenses
• Spend per passenger up by 4.7% to EUR 15.84
• Direct result on real estate portfolio stabilised; EUR 22 million in unrealised value changes, mainly due to new external valuations of land

 
Jos Nijhuis, President Schiphol Group:
We've made significant headway in further strengthening the Main Port. We are seeing clear growth in terms of both passenger numbers and cargo volumes. Our network has been expanded with 17 new destinations, including 10 intercontinental destinations. We further strengthened our position at JFK International Airport and established closer ties with Delta Airlines, one of Air France-KLM's most important SkyTeam partners. We also effectively coped with a series of difficult circumstances, such as the volcanic ash cloud and wintry weather conditions. In doing so, our employees and business partners demonstrated a great deal of dedication and flexibility. The year also saw continued investment in maintaining our competitive position and improving the efficiency of operational processes and quality standards. We will continue along our chosen path in 2011. This is in line with our brand values: reliability, efficiency, hospitality, inspiration and sustainability.