Paris airports saw traffic, profits rise in 2011
Published: March 7, 2012
Aeroports de Paris (ADP) posted a €348 million ($ 458.4 million) net profit for 2011, up 15.1% over 2010, though the year-over-year increase was mostly due to nonrecurring items. Annual revenue inched up 0.9% to €2.5 billion on 5.7% growth in passengers handled at its airports to 88.1 million. Cargo throughput declined 3.8%.
Passenger throughput in 2011 rose 4.8% year-over-year at Paris Charles de Gaulle (CDG) to 61 million passengers. Paris Orly passenger throughput increased by 7.7% to 27.1 million. Traffic heightened 7.4% during the first half of the year and rose 4.2% during the second half, according to ADP.
Low-cost carriers, which accounted for 13.6% of total passenger throughput at ADP airports, saw their passenger numbers increase by 11.3% versus 2010. Domestic traffic rose 7.2%, European traffic was up 8.4% and international traffic excluding Europe grew just 2.2%. European passenger throughput remained the largest contributor to ADP traffic with a 42.2% share. Domestic passengers comprised 18.9% of traffic while international excluding Europe has a 38.8% share.
The number of aircraft movements increased by 3.9% to 735,422. Aircraft load factor averaged 76.9%, up 0.9 point.
“With a powerful hub, deeply modernized infrastructure and a resilient business model, the group has strong assets to further grow,” chairman and CEO Pierre Graff said, though he warned that “in an uncertain economic environment, we assume a moderate growth in traffic, revenue and EBITDA in 2012.”
The airports operator will open two major projects at CDG this year: a junction between terminals A and C in April and the new “satellite 4” (S4) addition to terminal E in July. S4 represents an investment of approximately €560 million and will be dedicated to international flights only. It will mainly cater to very large aircraft with 16 aircraft parking stands. S4 will have the capacity to accommodate seven A380s at the same time.