CPH: More profits, lower costs

Copenhagen Airport boosts revenues and profits
More passengers are passing through Copenhagen Airport, but it is costing less money to provide them with services, new figures released by the airport suggest.
Profits before tax at CPH for the first nine months of 2016 rose by 17% to almost DKK 1.3 billion (€175 million) compared to the same period in 2015. Revenues increased by almost 10% to DKK 3.3 billion.
Yet the airport says that cost per traveller fell by 3.3% due to a focus on efficiency.
In total, 22,118,267 passengers passed through the airport during the nine-month period, up by nearly 10% – intercontinental routes by 10.6%, European by 10%, domestic by 6.9%.
“Several new routes have opened, alongside increased capacity on many routes in the form of larger aircraft or more departures. This makes Denmark more accessible, and the improved connectivity is one of the key reasons why more tourists, in particular, are doing so,” Thomas Woldbye, the airport’s chief executive explained.
He added that the hub would continue to realise its plan to grow to 40 million passengers annually in the coming years.
Copenhagen Post

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