New landside food outlets and shops are opening, while strong long-haul growth raises revenues.
Growth in both the non-aviation business and passenger numbers at Copenhagen Airport are helping the Danish hub to boost revenues, which rose 1.7% in the first quarter.
Passenger traffic was up a modest 0.4% year-on-year, reaching 6,267,580 passengers, kept afloat by a 9.9% rise in traffic on long-haul intercontinental routes.
This strong long-haul trend is helping to drive the airport’s non-aeronautical business, with revenues from the airport’s shopping zones increasing by 4.2% during the quarter.
Improvements in the airport’s landside retail in the shape of new brands and outlets are starting to facilitate growth, CPH CEO Thomas Woldbye tells airport retail site DFNI.
“During the first three months of the year we’ve opened a number of new food outlets and shops landside. This has been done in response to the requests of many passengers for more places to get a cup of coffee or something to eat before going through security, as well as other people wanting to get something to eat or drink while waiting for incoming flights,” he says.
Further investment is being made at the airport as 2018 continues, with expected investments topping DKK 2 billion (€269 million).
“We have to go back to the end of the 1990s to find an equivalent level of investment in the airport,” the chief executive explains.
“We have an ambitious expansion plan in place – Expanding CPH – and have chosen to further increase the pace of investment this year. This means we’ll complete the major expansion of Terminal 2 airside and the construction of a walkway from the metro station to security.”
He adds: “The new Pier E is another major construction project, and here we’ve expanded the scope to include construction of a brand new building for passport control and even more aircraft stands and gates, predominantly for the large long-haul aircraft.”