Swedavia’s interim report for January–June 2023
Swedavia’s second quarter was dominated by the continued recovery in air travel, and revenue of more than 1.5 billion Swedish kronor for the period was the single highest quarterly figure since the start of the pandemic. Cash flow from operating activities improved both on a quarterly and half-year basis, and operating income excluding items affecting comparability was 64 million kronor for the quarter. Investments in the airports continue, and during the second quarter the new central security checkpoint at Stockholm Arlanda Airport was successfully placed in service. The range of destinations and routes available at Swedavia’s airports has been enhanced.
During the second quarter, Swedavia’s airports had nearly 9 million passengers, an increase of almost 14 per cent compared to the same period last year. For the six-month period, the number of passengers totalled nearly 16 million, an increase of 32 per cent compared to the same period in 2022. The growth in passengers is mostly a result of increased international travel within Europe.
Swedavia’s net revenue for the second quarter was 1,539 million kronor (1,303). Operating income totalled 5 million kronor (67), while operating income excluding items that affect comparability such as capital gains and impairment losses totalled 64 million kronor (71). Cash flow from operating activities improved on both a quarterly and half-year basis, to 164 million kronor and 145 million kronor respectively.
In conjunction with this year’s summer traffic programme, which started early in the quarter, the range of destinations and routes on offer was further enhanced with the addition of new routes, including from Arlanda to Amman, Tunis and New York as well as from Göteborg Landvetter to New York, Rome and Barcelona. In all, Swedavia offers nearly 300 destinations this summer, and at Arlanda the offering is now basically back to the pre-pandemic level.
The summer travel season entails greater travel intensity at Swedavia’s airports, and Swedavia’s ten airports across Sweden welcomed nearly 100,000 passengers a day, with the majority of them at Arlanda.
During the quarter, Swedavia continued to invest in and develop the airports’ range of services for passengers. Investments increased to more than 500 million kronor for the quarter and to nearly 1 billion kronor for the first half of the year. At Arlanda, the new central security checkpoint was placed in service in June. Göteborg Landvetter Airport was upgraded with new store premises, and the range of food and beverages available at Luleå Airport was refreshed.