What measures has Munich Airport put in place, to navigate through the crisis and to ensure business continuity?
Munich Airport (FMG), established a special task force (Sonderstab "Corona") on top management level which met initially and now holds telephone conferences twice a week to guarantee an airport-wide exchange between all critical stakeholders and functions. The task force is also in close contact with the local authorities and submits regular reports to the executive management and our supervisory board.
We introduced a special emergency management dashboard, which provides an overview of the current political and health situation across the world on the one hand and key figures and performance indicators of FMG on the other hand. Any decision taken by the task force will be implemented across the group of companies and its impact assessed on a regular basis.
At the outset of the crisis each operational department reviewed its emergency plans and assessed the effect of COVID-19 on their processes. Then contingency measures were defined and implemented at increasing levels in line with the spread of the disease and the growing impact on operations.
In order to reduce costs and to maintain a sufficient level of liquidity, the executive board passed a program of mitigation measures, which includes for example a re-evaluation of planned investment, an immediate cut-down of non-essential expenditures, an immediate stop of recruitment and a review of the work time policies as well as an assessment of possible governmental aid programs (e.g. short-time work).