Annual Report 2001 - Flughafen Wien

Outlook
Flexible expansion plans, new tariffs, high potential in Eastern Europe
___The impact of 11 September on international aviation and the consolidation steps by our
home carrier, the Austrian Airlines Group, lead us to forecast a decline of 4% in the number
of passengers, 3% in flight movements, and 5% in maximum take-off weight (MTOW) for
2002. However, we do expect the number of passengers to increase starting in the third quarter
of 2002. The tariff reduction should provide an impulse for growth in both regional traffic and
long-haul flights using Vienna International Airport.
___We are convinced that we will be able to realise long-term forecasts of 5 to 6% annual
growth in the number of passengers. The eastern expansion of the EU will provide a major
opportunity, in that a potential target group of 7.1 million new passengers will be able to
reach Vienna International Airport in less than two hours. In this growth market, Vienna International
Airport holds an excellent position due to our long-standing reputation and growing
importance as an East-West hub. Conclusion of the new tariff regulation on 1 November
2001 will establish the calculation of tariffs up to 2006 based on to the following formula:
(-0.35 x average traffic growth) + inflation rate.
___We must adapt our long-term expansion programmes and make them more flexible.
Based on current forecasts, we will invest roughly € 210 million in the expansion of the Skylink
Terminal by 2006. Investments totalling € 153.2 million are scheduled for 2002. Major projects
include the apron extension postponed during the reporting year, completion of the TNT
cargo centre, plans for the VIE Skylink Terminal, the installation of bus gates, the office park,
and drainage system for Runway 16/34.
___During the reporting year, we set the course for an additional revenue stream beginning
in 2004 with the commissioning of Wilhelm Holzbauer, an internationally renowned architect,
as general planner for the office park.
___We will continue to focus our efforts on cost control to reflect the current revenue situation
and, in particular, on increasing the productivity of our workforce. A one-time payment for the
1,843 workers of the Flughafen Wien Group means that there will be no increase in labour
costs until May 2002. Planned personnel restructuring measures such as the negotiation of
new collective bargaining agreements for staff and workers, increase in mobility, and early
retirement will provide further long-term relief for personnel expenses beginning in 2002. As
a first step we were able to conclude a company agreement on pension obligations, which
provides for the settlement of these claims or their transfer to a pension fund.
46 Status Report
Annual Report 2001