Royal Schiphol Group Makes a New Investment at Maastricht but Faces Caps on Flight Operations at Amsterdam

Justin Lee

Singapore

September 21, 2023

capture v57

Royal Schiphol Group has seen a strong recovery at its airports in the first half of 2023.

However, while it is undertaking major expansion projects at its two airports in Australia and has made an investment in Maastricht Aaachen Airport, it faces challenges at its flagship airport of Amsterdam Airport Schiphol with the Dutch government’s plans to impose caps on flight operations.

Passenger traffic for Royal Schiphol Group’s airports in the Netherlands – consisting of the airports in Amsterdam, Eindhoven and Rotterdam - reached 33.2 million in the first half of 2023.  This was a 21.6% increase in passengers compared to the same period in H1 2023, but still 14.2% below the 38.7 million passengers handled in the first half of 2019.

 

Royal Schiphol Group Netherlands Airports First Six Months Traffic Evolution (2019-2023)

 In Mil Pax

Amsterdam Airport Schiphol

Eindhoven Airport

Rotterdam The Hague Airport

Total

HY 2023

28.7

3.5

1

33.2

HY 2022

23.8

2.7

0.8

27.3

HY 2021

5.6

0.3

0.1

6

HY 2020

13.1

1.1

0.3

14.5

HY 2019

34.5

3.2

1

38.7

@Schiphol Group 2023 Interim Report

 

Traffic at Brisbane and Hobart Airport recovered strongly over 2022 and first six months of 2023, following international and domestic border openings, resulting in passenger numbers trending higher than anticipated.

 

At Brisbane Airport, passenger traffic for the first half of 2023 reached 10 million passengers, a significant 42.8% increase from the number of passengers handled in the same period in the first half of 2022.

 

Brisbane Airport H1 2023 Pax Traffic

In Mil Pax

2023

2022

% Change

Jan

1.62

0.724

123.8%

Feb 

1.48

0.757

94.9%

Mar

1.75

1.12

57.1%

Apr

1.71

1.47

16.3%

May

1.72

1.44

19.8%

Jun

1.76

1.52

16.1%

Total 6M

10.04

7.031

42.8%

@Brisbane Airport Facts & Figures

The improvement in passenger traffic has also translated to improved financial performance for Royal Schiphol Group.

For the first half of 2023, the Group generated a turnover of EUR854mn, a 28.4% increase compared to the turnover generated in the first half of HY 2022.

The Group’s EBITDA improved by 33.7% from EUR163mn in the first half of 2022 to EUR218mn in the first half of 2023 while its underlying operating result saw a significant improvement from EUR2mn in the first half of 2022 to EUR59mn in the first half of 2023.

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator/investor profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator/investor profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.