"Polish Airports" State Enterprise (PPL) beat their own record. For the first seven months of this year, PPL had profits of over 16 percent higher than during the same period last year. The company's cash flow is also very good. Financially wise,  2017 is also the best compared to the previous five years.
Nearly two hundred million profit in seven months. "Polish Airports" State Enterprise beats its own financial records.
Over the past seven months, the "Polish Airports" State Enterprise has earned PLN 506.7 million in sales revenue, up  by PLN 51.3 million year-on-year (an increase of 11.3%). The net profit of the company amounted to PLN 184.9 million and was PLN 25.8 million higher than in the first seven months of 2016. Other financial parameters of the company are well noted this year: EBITDA at the end of July amounted to PLN 295.9 million, Operating expenses vs revenues remained at 58%.

Comparing the past five years, it is important to point out that all financial ratios show a high growth dynamics that contributes to the financial security of the enterprise, making PPL a stable and credible partner in relationships with other contractors.

This year's record high was primarily attributable to the increase in air traffic, a derivative of, i.a., effective commercial acquisition of PPL. The number of passengers handled at Chopin Airport was over 8.7 million, of which a record percentage of as much as 23.7 percent of transit passengers. The volume of transit traffic proves that Warsaw Chopin airport network hub policy is an effective one.

It is worth noting that there was a 70.1% increase in the number of domestic passengers - thus Chopin Airport contributes to the increase of air transport accessibility in some regions of the country. A significant increase in revenues was also achieved in the category of non-aviation revenues - PPL generated PLN 164.1 million in this category, i.e. PLN 13.0 million more than in the corresponding period of 2016.

Non-aviation revenues are rising

Despite strong growth in aviation revenues, the share of non-aviation revenues in total PPL revenue after 7 months of 2017 is still high, at 32.4%. Parking services (34%) and nonstandard passenger services, such as Executive Lounge, VIP Line and Fast Track (45.5%), significantly contributed to the result. A great part of revenues from the sale of PPL services, as much as 29.8%, is generated by regular carriers holding at Warsaw Chopin Airport their operating bases.

Effective use of airport infrastructure

During 7 months of 2017 the number of passengers per one flight operation increased at Chopin Airport from 89.01 to 98.47, which indicates a more efficient use of the airport infrastructure. As a result of the launch of flights to Zielona Góra, positive trends also appear in this port: in the described period an increase by 36.1% in aviation services revenues, 21.6% increase in handling services revenues, and 7.6% increase of non-aviation services revenue.

For the comfort of passengers at Chopin Airport, a fixed price for a bottle of mineral water (EUR 1) has been negotiated with all the shop operators, and in the last days free drinking water fountains have been made available, as well as phones that offer the possibility to make free domestic calls to fixed numbers, as well as cellular.

Only in the summer season 35 carriers operated 119 regular routes from Chopin Airport. Warsaw is connected to 99 cities in Europe. Non-European network covers 8 Asian, 5 North American, 4 African and 3 Middle Eastern routes.
 

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