Annual Report 2012 (PDF) - Hamburg

Chairman of the Supervisory Board
Foreword
The year 2012 was characterised by restrained performance.
Economic growth in Germany did remain stable,
but at a significantly reduced rate. In 2011, growth of
3.0 percent was achieved; for 2012, in contrast, the figure
was just 0.7 percent. The aviation industry was not shielded
from this trend. As the year began, three airlines disappeared
from the European market. Many airlines examined
the profitability of their routes and instigated cost saving
programmes. Across Germany, passenger volume grew by
only 1.1 percent. Credit for this development must also go
to the unnecessary introduction of the Aviation Tax.
Flughafen Hamburg GmbH felt the effects, too. Nevertheless,
the company finished the 2012 financial year with
a satisfying result. And although Hamburg Airport only
achieved moderate passenger growth of 1.0 percent, this
represented 13.7 million passengers – a new record. With
strict cost management and entrepreneurial foresight,
Hamburg Airport has managed to perform convincingly,
even in difficult times. The leadership of Hamburg Airport
is consistently continuing to pursue this path.
Dr. Klaus-Jürgen Juhnke, Chairman of the Supervisory Board
Hamburg Airport remains a reliable partner for its
customers and a dependable employer for its workforce.
I would like to express my thanks to the Executive Board
and to all of Hamburg Airport’s employees for their commitment
and their successful efforts in the financial year
under review.
Dr. Klaus-Jürgen Juhnke
Chairman of the Supervisory Board
2