From a billion profit to a loss. Prague Airport has handled No People in 25 years
Last year, the Prague Airport Group fell into operating losses of 687 million crowns from the previous year’s operating profit of 4.7 million crowns. She stated this in a press release today. According to her, the crisis in air transport caused by the covid-19 pandemic, which caused a decrease in the number of passengers by almost 80 percent, had a negative impact on the economy.
The Group noted that this situation also significantly affects the passenger and aircraft handling services provided by the Czech Airlines Handling subsidiary. The decline in operations and partial uncertainty in the market also affected the aircraft maintenance segment, which is provided by Czech Airlines Technics.
In 2020, Prague Airport handled 3.66 million passengers, which is the last 25 years. In 2019, the airport handled almost 18 million passengers.
Looking back and considering all the circumstances, we managed 2020 with honor.
“Looking back and considering all the circumstances, we managed 2020 with honor. From the beginning, we saw the crisis as an opportunity. We took advantage of the limited traffic and accelerated some projects of the necessary reconstruction and modernization of the airport infrastructure, we continued the sustainability and digitization of the entire airport, “said Jiří Černík, a member of the Board of Directors of Prague Airport, today.
Václav Havel Prague Airport is still a domestic airport. about 600 employees laid off during the year due to the crisis and the weakening of operations. Before the crisis, he had about 2,900 workers. Currently, traffic at the airport is gradually growing, but it is still well below normal. The airport alone without subsidiaries last year achieved an operating loss of 459 million crowns against an operating profit of 4.5 billion crowns in 2019.
The subsidiary Czech Airlines Handling fell to an operating loss of 126 million crowns against an operating profit of 33 million crowns the year before, and Czech Airlines Technics to an operating loss of 102 million crowns against an operating profit of 102 million crowns in 2019. The Prague Airport Administration is wholly owned by the state and its founder. is the Ministry of Finance.