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Airport Operator Reports 50% Growth in Net Profit

Brnik, 24 August (STA) - The operator of the Ljubljana airport made an operating profit of EUR 2.1m in the first half of the year, which is up 77.8% on the same period last year. Net profit rose by 53.3% to EUR 2.3m, an unaudited report shows.

Aerodrom Ljubljana's revenue only rose by 5.1% to EUR 15.5m in the period, show the results released after Wednesday's session of the supervisory board, which endorsed chairman Zmago Skobir for another term.

The quite positive results came as a result of growth in the foreign carriers segment and cargo as well as cost managing measures.

Passenger numbers were up by 8.8% year-on-year and meet 43.2% of the annual plan, while aircraft movements remained at the level of the first half of 2010, meeting 44.8% of the target figure for the year.

The bulk of passengers were carried by the domestic airline Adria Airways (74.9% or 452,513 passengers). Its passenger numbers were up by 3% and aircraft movements by 5.5%.

Still, the share of the Slovenian flag carrier's passengers dropped by 4.2 percentage points compared with the first half of last year due to an increase in the passengers of foreign carriers.

In the foreign carriers segment, passenger numbers rose by 30.8% and aircraft movements by 11%.

The company reports a positive development in the structure of aircraft as smaller planes are being replaced by bigger ones. The price of most airport services depends on the weight of planes.

Cargo transport rose by 31.9% year-on-year.

Zmago Skobir, whose current term at the helm of the company ends on 4 July 2012, was endorsed for another five-year term after the supervisors adopted a positive assessment of his work.

Skobir has been the chairman of Aerodrom since July 2007, and had been a member of the management board in charge of marketing strategy since 2003.

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