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“The [retail] result reflects the continuous improvement in the commercial offering at the airport, increased marketing efforts and growing proportion of long-haul traffic.“ |
Kerrie Mather CEO MAp Airports |
BELGIUM. Brussels Airport retail revenue climbed by +3.8% year-on-year in 2010 to €48.8 million, outperforming passenger traffic growth of +1.1% in the year. Car parking and car rental revenues grew by +4.7% to €23.5 million while property and real estate revenues were up by +0.2% to €39.6 million.
Total revenues hit €367 million, a marginal rise of +0.4%, while EBITDA (before specific items) increased by +1.4% to €206 million.
In the fourth quarter retail revenues climbed by +2.5% to €13.1 million against an overall revenue increase of +4.5% to €91.3 million. Q4 2010 traffic was +6.3% above last year, despite a number of cancellations in December caused by severe weather conditions across Europe and North America.
Kerrie Mather, CEO of leading shareholder MAp, said: “In 2010 traffic grew +1.1% on the previous corresponding period (pcp). Adjusting for the impact of the Icelandic volcano eruption in April and the air traffic control strike in September, it is estimated that underlying traffic growth would have been +3.6%.
“The growth has been underpinned by strong long-haul development with eight new routes added since April and extra-EU traffic up +6.1%. In July, Brussels Airlines expanded its African network, adding a fifth Airbus A330 to its fleet and four additional routes. The new services to Beirut, Chicago, Montréal and Shanghai, as well as conversion of Philadelphia services to year round operations, have also benefited the segment.
“The [retail revenue] result reflects the continuous improvement in the commercial offering at the airport, increased marketing efforts and growing proportion of long-haul traffic, which all drive a higher per passenger spend.
“Car parking revenues were +4.7% above the pcp, benefiting from recovery in business traffic, a greater focus on contract management and a comprehensive review of the product offering at the end of 2009.”
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