Munich Airport will continue its ascent.
With consolidated earnings after taxes at around €155 million, Munich Airport achieved the best result in its history in 2017. The Group again achieved a yearon- year increase of €100 million in annual revenues to around €1.5 billion – hanks in large part to a substantial 5.5 percent rise in total passengers to 44.6 million. The airport's strong economic performance also paid off for the neighboring communities, which will again take in business tax revenues of €35 million.
Munich Airport can again enjoy the title of "Europe's Best Airport" in 2018. The Bavarian hub was selected for the honor in the annual World Airport Awards announced by the respected London-based aviation research institute Skytrax. The announcement was made in a special ceremony on the occasion of the international airport fair "Passenger Terminal EXPO 2018" in Stockholm.
Munich Airport's dynamic growth continued in 2017 with new traffic records in several categories: Passenger traffic increased by an impressive 2.3 million to a new all-time high of 44.6 million. This was a 5.5 percent gain over the 2016 figure. The airport also saw a strong surge in take-offs and landings, with an increase of more than 10,000 to approximately 405,000 – a gain of 2.6 percent. Without the reduction in services by Air Berlin in the summer period, followed by that airline's bankruptcy, the increase would have been even bigger. Another record is reported by the airfreight segment, which achieved a total turnover of around 379,000 tons in 2017 – a 7 percent gain over the previous year.