SWITZERLAND. Zürich Airport non-aviation revenue leapt by 20.2% year-on-year in 2018 to CHF496.2 million (US$491 million), the company reported today. Within this, commercial revenues grew by a healthy 8.9% to CHF248.3 million (US$246 million).

Zürich Airport’s non-aviation performance by category (above) and commercial channel (below). Click to enlarge.

The figures were buoyed by the addition of Florianópolis Airport in Brazil to the portfolio, and by a higher average concession fee, noted the airport. Also contributing was the 3.2% rise in retail and dining gross sales to CHF593.8 million (US$588 million), as previously reported, though this did not match passenger growth of 5.8% (to 31.1 million). Within this, intercontinental (long haul) traffic climbed by 11.2% and traffic to and from European locations by +4.2%.

Sales from retail and dining and change on year 2012-2018 (click to enlarge).

Within the key airport’s commercial income streams, duty free, F&B and car parking all posted solid rises year-on-year. Average revenue to the airport per departing passenger from retail and dining was CHF8.40 compared to CHF8.10 a year earlier.

Zürich Airport’s overall 2018 revenue increased by 11.2% to CHF1.15 billion (US$1.14 billion). Profits fell by CHF47.7 million but adjusted for one-off items, rose by CHF 33.3 million (13.3%) year-on-year to CHF283.6 million (US$280 million).

For 2019, Zürich Airport is forecasting slightly higher commercial income, with passenger traffic predicted to rise by around 3% compared to 2018. The company said its ambitious project, The Circle, was on track and on budget, with opening planned for 2020.