MICE Middle East Websites

Munich Airport reports record net annual profit of €155 million for 2017

With consolidated earnings after taxes at around €155 million, Munich Airport achieved the best result in its history in 2017. The Group again achieved a year-on-year increase of €100 million in annual revenues to around €1.5 billion – hanks in large part to a substantial 5.5 percent rise in total passengers to 44.6 million. The airport\'s strong economic performance also paid off for the neighboring communities, which will again take in business tax revenues of €35 million.

 

In view of the record figures, Dr. Michael Kerkloh, the President and CEO of Munich Airport, is confident that the company is well prepared for the challenges that lie ahead: \"This ensures that Munich Airport will be able to make the necessary investments to handle its future tasks with its own financial resources.\" Kerkloh\'s outlook at today\'s annual press conference in Munich: \"All the signs point to a continuation of our very satisfactory performance, so that we fully expect to report earnings at around the same level for 2018.\"   

 

A look at the current traffic trends in the recently launched summer timetable period confirms this assessment. With five Lufthansa Airbus A 380 aircraft now stationed in Munich, the Bavarian hub has become just the fourth European airport – after London, Paris and Frankfurt – to serve as a home base for the world\'s largest passenger aircraft. Lufthansa will operate daily services to Los Angeles, Hong Kong and Beijing with the superjumbo. In addition, the German carrier has added four plans from the Airbus A320 to its Munich fleet for medium-haul flights. This has further improved the connectivity of the Munich hub.

 

Another important component enhancing Munich Airport\'s hub status is the upgrade of the Lufthansa fleet with modern Airbus A350 long-haul jets. The airline has already eight of a total of 15 of these widebody jets in service. The Munich Airport 2108 summer timetable includes a more extensive range of intercontinental flights and destinations than ever before. CEO Kerkloh called this \"a further step in solidifying Munich Airport\'s hub function.\" He added: \"The new long-haul services have greatly strengthened our airport\'s global network. Munich is becoming more and more attractive as a springboard for travel to other continents.\"

 

The Lufthansa subsidiary Eurowings is also helping to maintain the momentum of this trend: From the beginning of next week, Eurowings will be launching new long-haul services to and from Munich. The airline will offer scheduled services from Munich to 15 intercontinental destinations – including such holiday hotspots as Cancun, Fort Myers, Mauritius, Montego Bay and Las Vegas. As a result, travellers will have the option of flying with low-cost airlines on long-haul routes for the first time. Thanks to Eurowings, the share of low-cost carriers in total traffic in Munich is expected to increase to around 11 percent in 2018.

Back to Home Page

Airport increasingly serving as a springboard for intercontinental travelmore
A new all-suite luxury hotel for the White Isle, opening May 2018more
The Secretary-General of the World Tourism Organization (UNWTO), Zurab Pololikashvili met H.E. Mr. Ilham Aliyev, President of Republic of Azerbaijan to discuss the development of the tourism sector in the country and how to furthemore
The 10th World Congress on Snow and Mountain Tourism (Andorra, 21-23 March 2018) highlighted the need to adapt tourism accommodation to the expectations of today’s customers and to increase the quality of the traveller’s experiencmore
The European Commission has published new proposals on visa policy in the Schengen Area. Improved visa facilitation is a pre-condition for Europe’s continued success as a long-haul travel destination. With the increasing significamore
Caresse, A Luxury Collection Resort & Spa, Bodrum, announces Spring/Summer season opening datemore
“To engage the media and to recognize the work of journalists in the coverage of wildlife and sustainable tourism.” This is the ultimate goal of the Media Award announced by the World Tourism Organization (UNWTO) on the occasion omore
This morning, Tom Jenkins, CEO, ETOA, the European tourism association gave evidence to EU Internal Market Sub-Committee in the Houses of Parliament. more
\"El.Mira Beauty \" is expected to be one of the greatest tourism promotional channels for Azerbaijan 2018 more
Focus on the high-end market at ITB Berlin 2018 – New: Loop Lounge @ ITB and the ITB Luxury Late Night – Luxury travel topics at the ITB Berlin Conventionmore
Huvafen Fushi, Maldives, Seller at Honeymoon Workshop and Dinner, 21st April - Dubai.
Zaatarah & Co. Since 1960 Tourist and Travel Agency - Jordan, Seller and Buyer at Honeymoon Workshop and Dinner.
Honeymoon In Spain By Spain Top.
Casa de Campo, Seller at Honeymoon Workshop and Dinner.
Hard Rock Hotel & Casino Punta Cana, Seller at Honeymoon Workshop and Dinner.
Travel Armenia - Seller At Honeymoon Workshop and Dinner, Dubai 21st April, 2018
Caribbean Tourism Organization, Seller at Honeymoon Workshop and Dinner, 21st April Dubai.
Meydan Hotels and Hospitality, Dubai - Seller at Honeymoon Workshop and Dinner, Dubai 21st April 2018.
Travel Connection Maldives Seller at The Honeymoon Workshop and Dinner, Dubai 21st April 2018
Dominican Republic Tourism Board Seller at The Honeymoon Workshop & Dinner, Dubai 21st April 2018.
Hilton Munich Park, Hilton Munich City and Hilton Nuremberg, Sellers at The Honeymoon Workshop and Dinner 21st April, Dubai - UAE
.......Gili Lankanfushi, Maldives....... Seller at The Honeymoon Workshop and Dinner, Dubai 21st April 2018.
----- Honeymoon.Middle East ----- Facebook page
.....Spiceland Holidays - India...... Seller at The Honeymoon Workshop and Dinner, Dubai 21st April 2018.
Daily Tour Travel - Lebanon.
...Caldana Tour Operator - Italy ... Seller At The Honeymoon Workshop and Dinner, Dubai 21st April 2018.
Bali & Beyond Travel Fair - BBTF2018.
My account at TripAdvisor
......Royal Cliff Hotels Group...... Pattaya - Thailand...

Copyright Travel and Tourism Guide - Middle East 2011

P.O.Box 841113 Amman 11180 Jordan, 37 Samir Rifai Street 3rd Floor, Amman - Jordan

Mobile: +962 785557778 fax: +962 6 5713689

Email: motaz.othman@micemiddleeast.com  Website: www.ttgmiddleeast.com

Motaz Othman Email