Zurich airport faces tough times

Zurich airport is in the red Keystone

September's terrorist attacks in the United States and the grounding of the Swissair fleet last October has taken its toll on Zurich airport.

This content was published on March 7, 2002 - 15:19

The airport has reported a loss of SFr36 million for 2001, although sales revenues increased to SFr538 million from SFr522.5 million.

Sales in the first three quarters of the year were better than in 2000 but losses mounted in the final three months of the year.

Zurich airport also had to write off debts worth SFr42.5 million in connection with the Swissair collapse. The airport's operating income fell 25.8 per cent to SFr186 million.

Unique, the company that runs the airport, said on Thursday there would be no share dividend this year.

On Thursday, the airport authorities also said that the centrepiece of the new expansion, the Dock Midfield would not come into operation as passenger numbers did not warrant it.

Passenger numbers dropped of 7.3 per cent to 21 million because of the after affects of the terror attacks and the Swissair collapse. Unique's CEO, Josef Felder, said the current two terminals were sufficient to cope with passenger traffic.

He said the new national carrier's decision whether to continue Swissair's practice of using MD-11's for long-haul flights would be an important element in whether the Dock Midfield would be brought into use.

The facility cost SFr317 million and can accommodate up to 27 aircraft.

swissinfo with agencies

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