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​Avinor in the first quarter: Efficiency increase and expansion on track

Press Release   •   May 11, 2017 16:44 BST

In the first quarter, Avinor had a revenue of approximately NOK 2.6 billion and a loss after tax of NOK 45 billion. The group’s programme for increased cost efficiency is on track. 27 April marked the opening of the new Oslo Airport – within schedule as well as budget.

“Opening the new Oslo Airport was a major milestone for Avinor. We are obviously very happy with having completed one of the largest expansion projects in Norway within the agreed scope. Work on facilitating safe, efficient aviation in Norway now continues, with the opening of the new Bergen Airport Flesland in August, as well as remote controlled towers and other projects that will increase capacity and reduce costs,” says Avinor CEO Dag Falk-Petersen.

Operating income during the period 01/01 – 31/03/2017 amounted to NOK 2,645 million, compared with NOK 2,288 million for the corresponding period in 2016. During the period 01/01 – 31/03/2017, the group experienced a loss after tax of NOK 45 million compared with a loss after tax of 2 million during the same period in 2016. The change in loss after tax was mainly due to a reduction in recognised interest expenses as a result of completed development projects.

The group's modernisation programme is paying off as expected. The programme's targeted cost-savings of NOK 600 million per year from 2018 remain the same.

The new terminal at Flesland is scheduled to open on 17 August, and the project is within budget. The Bergen Light Rail link to and from Flesland opened as planned on 21 April.

Over the past 12 months, average regularity has been recorded at 99 per cent, and average punctuality has been recorded at 87 per cent in Avinor’s network of airports. There have been no aviation accidents or serious aviation incidents to which Avinor was a contributing party during the first quarter.

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Avinor is responsible for the 45 state-owned airports and air navigation services for civilian and military aviation in Norway. This network links Norway together - and links Norway to the world.

Avinor is a driving force in environmental work in aviation and a driving force to reduce the combined greenhouse gas emissions from Norwegian aviation. The company has a leading role in the work on developing and delivering biofuel for aircraft. Every year Avinor contributes to safe and efficient travel for around 50 million airline passengers. Around half travel to and from Oslo airport.

More than 3,000 employees are responsible for planning, developing and operating airports and air navigation services. Avinor is funded by aviation fees and commercial sales at the airports.

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