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Avinor in third quarter - Operating well and new terminal in Bergen

Press Release   •   Nov 22, 2017 14:36 GMT

Q3 characterised by increase in passengers, stable operations and the opening of a new terminal at Bergen Airport Flesland. Profit after tax for Q3 was NOK 615 million, compared to NOK 538 million during the same time period last year. So far this year, the profit has been reduced by half a billion NOK to NOK 385 million compared to the same time period last year.

Air traffic measured in the number of passengers travelling through Avinor’s airports in the period 01/01 – 31/09/2017 increased by 4.4 per cent compared with the corresponding period in 2016. Oslo Airport grew by 7.2 per cent, while the combined growth of other airports came to 1.4 per cent.

Over the past 12 months, average regularity has been recorded at 99 per cent and average punctuality has been recorded at 87 per cent. 

The opening of the new Bergen Airport Flesland

The new terminal at Flesland was opened on 17/08/2017 as planned. The extension project will be completed within the planned budget.So far Avinor has launched new terminals at both Oslo Airport and Bergen Airport, according to schedule and with high quality.

Resolutions in the Ownership Report

The Ownership Report was decided upon in the Norwegian Parliament in June, 2017. Among other things, these documents announced Avinor's plans for a third runway at Oslo Airport and a new airport in Bodø. The government also states that the work on separating Avinor Flysikring AS from Avinor AS shall continue.

Service concession Haugesund

At Haugesund Airport, the government is requesting Avinor to make way for a service concession so that the operations at the airport can be transferred to someone else than Avinor through a tender process, or a so called service concession model. This means that Avinor cannot make an offer on the tender, but Avinor can still retain ownership of the airport. The Norwegian Ministry of Transport and Communications assumes that Avinor is accounting for previous experiences with exposing operations at Haugesund Airport to competition, as part of the tender process.

Modernisations on track

The savings forecast for the group's modernization program is above target. The programme’s targeted cost savings is NOK 600 million annually from 2018 compared to the Group’s prior long term plan. This Group is expected to achieve this with a comfortable margin. 

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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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