All-time high in 2015 for airfreight at Munich Airport

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AirBridgeCargo Airlines at Munich Airport
AirBridgeCargo Airlines at Munich Airport

Munich Airport has achieved an new airfreight tonnage record in 2015 and also saw record earnings of 135 million euros.

The airport says growth in airfreight was more “dynamic than in the passenger segment” last year and cargo tonnage was up by about nine per cent to a new record level of over 336,000 tonnes.

The airport also saw year-on-year increase in sales, which rose to approximately 1.25 billion euros. Based on preliminary figures, the operator, the FMG Group achieved total earnings after taxes (EAT) of 135 million euros.

Munich Airport saw a 10 million euro increase in EBITDA (earnings before interest, taxes, depreciation and amortisation) to 490 million euros. Cash flow also improved by 34 million euros to a total of 460 million euros.

Munich Airport president and chief executive officer, Dr. Michael Kerkloh says: “This is the best result in the history of our company. It is also very good news for the neighboring communities.

“They are going to receive about 35 million euros in business taxes for 2015 – seven million euros more than in 2014.”