Annual Report 2001 - Flughafen Wien

Segments of Business in Detail
The Airport Segment
Strong growth in transfers and travel to Eastern Europe supports traffic development
Key Data on the Airport Segment (in € mill., except employees)
___The Airport Segment covers the operation of the terminal, aprons and all facilities involved
with passenger and baggage handling. Flight operations, fire department, medical
facilities, access control and winter services are also the responsibility of this business unit,
along with the support of existing airlines and acquisition of new customers. A key responsibility
is to guarantee runway and terminal capacity over the medium and long-term. In summary,
the Airport Segment includes the wide-ranging services traditionally provided by an
airport operator.
Developments in 2001
___The business climate for the Airport Segment was shaped to a significant extent by economic
problems in the airline industry and the events of 11 September. Although the number
of transfer passengers and travellers to Eastern Europe rose by double-digit rates, total passenger
volume declined by 0.7%, flight movements decreased by 0.6%, and maximum takeoff
weight (MTOW) fell by 4.3%. The Airport Segment generated turnover of € 136.2 million
with 342 employees in 2001, for a decrease of 0.9% from the prior year level. Operating profit
declined by 3.2% to € 66.1 million following a strong increase in other operating costs, particularly
for the mediation process and maintenance. Personnel expenses rose due to an
increase in peak hour activity and necessary security measures after 11 September. By way
of illustration, Security Level 2 brings added costs of € 80,000 per month. The segment EBIT
margin was 40.0%.
Traffic Development in 2001 characterised by highs and lows
___Competition between the Star Alliance and Qualiflyer Group supported growth of 6.9% in
the number of passengers, 4.3% in flight movements, and 1.5% in MTOW during the first
quarter of 2001. Consolidation measures by the Austrian Airlines Group and the slowing global
economy began to exert a subduing effect on air traffic in April, pushing growth in passenger
volume below the forecast 5%. The events of 11 September coincided with intense
competition for a static number of travellers. Due to our passenger structure however, Vienna
International Airport was affected to a lesser degree than other airports in Europe. With the
exception of October (-13.1% in passengers), the decline remained below 10%, since the
number of travellers to North America and the Near and Middle East is limited to 7% of our
total volume.
48 Segments
2001 2000 1999
Turnover 136.2 137.4 132.1
Capital expenditures 32.6 17.1 37.5
Depreciation 24.9 29.4 27.5
Employees 342 331 371
Allocated assets 356.7 352.3 364.3
Operating profit 66.1 58.3 65.2
EBIT margin 40.0% 40.2% 40.1%
Annual Report 2001