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.
Turkish Airlines (TK) and Munich Airport signed a long-term consulting service contract. As of now, Munich Airport will support the flag carrier of the Republic of Turkey and the hub carrier of the current Istanbul Atatürk Airport in preparing a smooth relocation of its operations to the Istanbul New Airport, scheduled to open on 29th of October, 2018.
With a major refurbishment of the municon conference center, Munich Airport's hospitality and catering subsidiary Allresto has expanded the airport's conference and meeting capacity. Municon now has 34 airy, well-lit rooms to choose from. All of the meeting rooms, with capacity ranging from four to 180 persons, are now equipped with advanced technology and new TV screens. The modern, open architecture provides pleasant surroundings for discussions, meetings and conferences.
The weekend ahead will bring another change, besides the annual resetting of clocks to end Daylight Saving Time: It also marks the start of Munich Airport's winter timetable. The new flight schedule will be in effect from Sunday, October 29, 2017 until Saturday, March 24, 2018.
Munich Airport is en route to yet another record-breaking performance. The third-quarter traffic figures include several new all-time highs: With approximately 4.4 million passengers, September 2017 was the busiest month in the history of Munich Airport. Moreover, the 164,000 travellers counted on Friday, September 29 represent a new all-time high for a single day. Overall passenger traffic in the first three quarters of the year was up 6 percent year-on-year – a gain of around 2 million passengers – to a new record of 34.1 million.
The number of attacks on the IT systems of companies and public-sector organizations in Germany has rapidly increased in recent years, parallel to the rise of digitization. Munich Airport also faces all kinds of cyber attacks on a daily basis. .