Zürich Airport reports +6.8% increase in first half commercial revenue

SWITZERLAND. Zürich Airport has reported a +6.8% year-on-year increase in total commercial revenue in the first half of 2017, to CHF111.3 million (US$117.4 million).

Retail, tax and duty free revenue was up +8.8% to CHF48.1 million (US$50.7 million). Revenue from food & beverage operations was up +5.1% to CHF8.2 million (US$8.6 million).

Non-aviation revenue breakdown. Click on image to enlarge

The airport said +8.6% passenger growth in the first half of 2017 had a particularly positive impact on airside commercial revenue.

“Despite a generally difficult trading climate in the Swiss retail sector, the airport operator managed to maintain stable landside revenues, the airport said in an interim report. “Food performed better than the non-food segment, as the latter was greatly impacted by online competition. E-commerce generally is having a lasting impact on the landside retail business.”

The opening of a Hanro boutique in March 2017 had a beneficial impact on commercial revenue, the airport said.

Dufry will soon revamp the look of its airside and arrival duty free stores, which the airport said would further boost the attractiveness of the airport shopping experience.

Key financial figures. Click on image to enlarge

Zürich Airport recorded an overall profit of CHF143.2 million (US$151 million) for the first half of 2017, a year-on-year increase of CHF39.4 million (US$41.4 million). This was primarily due to the divestment of its interest in Bangalore Airport. Excluding this effect, net profit rose by CHF8.0 million (US$8.4 million).

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