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Privatised Zurich airport shows six month profit

zurich airport is in profit Keystone

The newly privatised "Unique Zurich Airport" has reported half-year profits of SFr46 million ($78 million) on turnover of SFr245 million.

On Monday the airport’s management said it was satisfied with the result even though profit margins fell compared to the same period last year. The company said the bottom line was hit by business taxes, which were not levied when the airport was in state hands.

The first half of the year saw investment increase to SFr174 million. The biggest chunk of Unique’s investment was accounted for by the airport’s fifth expansion phase.

At a news conference, the airport’s management said its strategy was to strengthen Zurich’s position as a major European hub. It added that it wanted to increase the airport’s commercial activities.

The management also said the airport’s planned listing on the stock exchange was on course for the autumn.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR