Key Figures May 2020 and Results Annual General Meeting 2020
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In May, 43'852 passengers were handled at Zurich Airport, which corresponds to a decrease of 98.4% compared to the same period last year. At today’s Annual General Meeting of Flughafen Zürich AG, all items on the agenda were approved in accordance with the proposals of the Board of Directors.
43’852 passengers were handled at Zurich Airport in May (-98.4% vs. previous year). Local passengers decreased by -98.1% and transfer passengers decreased by -99.3%. The transfer rate, which was at 28.1% last May is at 12.5% in the month under review.
Air traffic movements
In May, air traffic movements decreased by -87.5% to 3’062 versus previous year.
The average seat load factor saw a decrease of -41.5 percentage points to 35.0% and the average passenger per movement figure decreased to 64.3 (125.4 previous year).
Total turnover in May was CHF 7.8m (-85.5% vs. previous year). The decrease divides into -99.5% for airside and -63.4% for landside.
For a detailed overview we refer to the attached document.
Slow recovery since June
After some airlines have partially resumed its flight operations and shops, especially on landside, have reopened, a slow recovery is becoming apparent at Zurich Airport. Passenger volumes and the number of flight movements have been increasing since the beginning of June. From an operational and commercial perspective, Zurich Airport is prepared to gradually ramp up operations and works closely with the airport partners to ensure safe and efficient operations. While it is not yet possible to provide guidance for the expected traffic volumes for the current year, it is currently estimated that the pre-crisis level will be reached again in 2023.
Annual General Meeting 2020
Flughafen Zürich AG's Annual General Meeting 2020 was held today without physical attendance of the shareholders. All items on the agenda were approved in accordance with the proposals of the Board of Directors, including the waiving of the dividends due to the current situation and to preserve liquidity. The members of the Board of Directors, Corine Mauch, Guglielmo Brentel, Josef Felder, Stephan Gemkow and Andreas Schmid (Chairman) were re-elected for another year. The delegated representatives of the Canton of Zurich on the Board of Directors are the responsible Economic Director Carmen Walker Späh, Eveline Saupper and Vincent Albers.
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