Strategy and execution
Maximise financial performance
Consolidated revenues in the first quarter of 2019 amounted to Euro 27,5 mln, increasing by 22.6% 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 3.5 mln in the first quarter of 2019 (+52.5% compared to the same period of 2018).
In order to guarantee the ongoing monitoring of the strategy execution, in the first three 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.
In the first quarter of 2019, about 2.0 million passengers have travelled through Bologna Airport, an increase of 9.0% compared to the first three months of 2018.
This growth is linked to the increase in traffic of both legacy carriers (+ 4.2%), due to the introduction of new routes and the strengthening of the existing ones, and LCC (+12.1%), 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 +7.9% and by +8.2%). The average load factor was equal to 78.8% in the first quarter of 2019, broadly stable when compared to 79.1% registered in the same period of 2018.
In the first quarter of 2019, 3,9 mln Euro worth of investments in maintenance and infrastructure development have been realised.
Some activities are still in progress, 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. Also, during the first three months of 2019 the activities related to the footbridge connecting the People Mover to the terminal building have been concluded.
An increase in non-aviation revenues has also been registered as a consequence of the increase in retail and advertising revenues (+9.3%), parking revenues (+2.9%), real estate revenues (+2.6%) and service to aviation passenger revenues (+12.2%).
The Group focuses on the continuous improvement of passenger service quality.
In this context, we highlight an improvement of the Customer Satisfaction Index, which increased to 98,9% in the first quarter of 2019, compared to 98,5% in the same period of 2018, and some initiatives implemented to improve the passenger experience.
The importance assigned to environmental sustainability and the respect of ethical and social principles are translated into investments in the construction of a “training center”, in compliance with the new EU regulation n. 139/2014 (EASA) on safety matters.