Strategy and execution
Maximise financial performance
Consolidated revenues in 2019 amounted to Euro 125.1 mln, increasing by 9.7% compared to 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 20.9 mln in 2019 (+16.3% compared to 2018).
In order to guarantee the ongoing monitoring of the strategy execution, in 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 2019, more than 9.4 million passengers have travelled through Bologna Airport, an increase of 10.6% compared to 2018.
This growth is linked to the increase in traffic of both legacy carriers (+4.9%), thanks to the introduction of new routes and additional flights to some hubs by the main international carriers, and LCC (+14.7%), 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 +8.4%). The average load factor was equal to 81.5% in 2019, slightly higher than the 81.3% registered in 2018.
In 2019, 19.4 million Euro worth of investments in maintenance and infrastructure development have been realised. In particular, the final design activities for some major strategic investments, e.g. the terminal extension and the new multilevel car parking, have been completed. Also, during the year the de-icing pad and building construction works have been completed and the construction of the new cargo building has started.
To be highlighted that in January 2020 the “Conferenza dei servizi” gave the green light to Bologna Airport Masterplan.
An increase in non-aviation revenues has also been registered, as a result of the increase in retail and advertising revenues (+6.8%), parking revenues (+5.5%), real estate revenues (+2.4%) and service to aviation passenger revenues (+10.6%).
The Group focuses on the continuous improvement of passenger service quality.
In 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: 3.82) has slightly improved when compared to 2018.
The importance assigned to environmental sustainability and the respect of ethical and social principles has resulted in the company’s commitment in 2019, together with other major airports members of ACI EUROPE, to reach net zero emissions by 2050.
Also, during the year a 700 sqm gym for the airport community and the customers of the Marconi Business Lounge has been realized, partnering with Technogym: the "BLQ Fitness Lounge" is the first gym in an European airport.
In 2019 the company developed an important sustainable mobility plan aimed at supporting employees in making sustainable choices regarding the daily home-work commute.