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Strategy and execution

Maximise financial performance Maximise financial performance

Consolidated revenues in the first nine months of 2019 amounted to Euro 94.5 mln, increasing by 13.6% compared the same period of 2018, thanks to the positive trend registered by both Aviation (airport charges paid by passengers, airlines and airport operators) and Non-Aviation (retail concessionaires, car parking activities and services to passengers) revenues.
The growth in passengers’ traffic, the positive dynamics started with the introduction of new flights, the activities to support the aviation marginality and the tight operating cost control have contributed to the consolidated net result which amounted to Euro 17.9 mln in the first nine months of 2019 (+22.5% compared to the same period of 2018).

Performing corporation Performing corporation

In order to guarantee the ongoing monitoring of the strategy execution, in the first nine months of 2019 Bologna Airport further improved the Corporate Performance Management system developed in 2018. The system is based on indicators defined according to the corporate targets and the related implementation schedule.

 Connect

In the first nine months of 2019, more than 7.0 million passengers have travelled through Bologna Airport, an increase of 11.4% compared to the same period of 2018.
This growth is linked to the increase in traffic of both legacy carriers (+6.1%), thanks to the introduction of new routes and additional flights to some hubs by the main international carriers, and LCC (+15.5%), primarily due to the consolidation of the main carriers.
Both the number of air transport movements and the take-off weight have also grown (respectively by +9.2% and by +9.5%). The average load factor was equal to 81.9% in the first nine months of 2019, broadly stable when compared to 81.8% registered in the same period of 2018.

 Develop

In the first nine months of 2019, 11,9 mln Euro worth of investments in maintenance and infrastructure development have been realised.
Some activities have been completed, such as those related to the final design of both the terminal expansion project, which will allow the extension of the departure and commercial areas, and the multilevel car parking, which will increase the offer of parking lots nearby the terminal. Some other activities are in progress: cargo building construction works have begun, as well as the executive designs related to the Express Car Park and the new perimeter roadway.
An increase in non-aviation revenues has also been registered as a result of the increase in retail and advertising revenues (+9.3%), parking revenues (+5.4%), real estate revenues (+2.2%) and service to aviation passenger revenues (+12.3%).

 Experience

The Group focuses on the continuous improvement of passenger service quality.
In the first nine months of 2019 the airport registered good performances in terms of service quality offered to the passenger. Within the framework of the Airport Service Quality programme of ACI World, Bologna’s general satisfaction level (overall satisfaction: 3.79) was in line with the same period of 2018.

Care Care

The importance assigned to environmental sustainability and the respect of ethical and social principles has also resulted in 2019 in the company’s commitment, together with other major airports members of ACI EUROPE, to reach net zero emissions by 2050.

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