Strategy and execution

9M 2018

Maximise financial performance Maximise financial performance

Consolidated revenues in the first nine months of 2018 amounted to Euro 83.2 mln, increasing by 13.2% compared to the same period of 2017, thanks to the positive trend registered by both Aviation (airport charges paid by passengers, airlines and airport operators) and Non-Aviation (car parking activities, retail concessionaires 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 results which, in the first nine months of 2018, amounted to Euro 14.6 mln (+5.9% compared to 9M 2017).

Performing corporation Performing corporation

In the first nine months of 2018, Bologna Airport has started a Corporate Performance Management project. In order to guarantee a continuous monitoring of the strategy execution, the company has developed a corporate performance management system based on indicators, defined according to targets and timing of realisation.

 Connect

In the first nine months of 2018, over 6 million passengers have travelled through Bologna Airport, an increase in 2.3% compared to the same period of 2017.
This growth is linked to the increase in traffic of both legacy carriers (+ 3.2%), due to the introduction of new routes and the strengthening of the existing ones, and LCC (+0.6%), primarily due to the consolidation of the main carriers.
The number of air transport movements has decreased (-1.6%), while the take-off weight increases (+1.4%) as a result of larger aircraft size. The average load factor also increased to 81.8% in the first nine months of 2018, compared to 81.5%, registered in the same period of 2017.

 Develop

In 9M 2018, 15.2 mln Euro worth of investments in maintenance and infrastructure development have been realised.
Among those, the activities related to the final design of the terminal expansion project, which will allow the extension of the departure and commercial areas, have been concluded.
A significant increase in non-aviation revenues has also been registered as a consequence of the increase in parking revenue (+6.4%), retail and advertising revenue (+5.8%), real estate (+4.6%) and service to aviation passenger revenues (+9.2%).

 Experience

The Group focuses on the continuous improvement of passenger service quality.
In this context, we highlight the stability of the Airport Service Quality indicator, which adds up to 3.79 in 9M 2018 as well as in 9M 2017 and some initiatives implemented to improve the passenger experience (the new bag drop desks, the video help phone to assist PRMs and the footpath beside the terminal).

Care Care

The importance assigned to environmental sustainability and the respect of ethical and social principles are translated into investments in the new air quality monitoring system and in the construction of a “training center”, in compliance with the new EU regulation n. 139/2014 (EASA) on safety matters.

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