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05. Financial Performance
Athens International Airport managed to deliver healthy (ADF), showed a drop of 3.1%, from €419.5 million to
financial results during the most challenging year for €406.4 million. Chart 5.1 shows the revenue breakdown.
the Greek economy in recent history. 2010 was a year
of extremely difficult economic conditions for Greece, Chart 5.1
with negative trends in the macroeconomic indicators 2010 Revenue Structure
affecting passenger traffic and overall business
performance adversely. In addition, the Greek aviation Aeronautical revenues, inclusive of AIA’s share from
market was further impacted by the fleet and network the Airport Development Fund contribute the most to
consolidation of both home-based carriers. Despite these
adverse conditions, the company recorded Profits before
Tax of €158.5 million compared to €264.5 million in
2009. Excluding the positive extraordinary effect of 2009
(related to the release of impairment provisions and the
recognition of interest revenues on overdue accounts),
AIA performed better than 2009 by €6.0 million. The
company managed to sustain high profits, following
efforts to maintain solid revenue streams combined with
enhanced cost control actions. The following section
provides a review of the company’s financial performance
in 2010. For a better comparison of the revenue, interest
and performance indicators compared to the previous
year, relevant figures for 2009 were adjusted for the
extraordinary income.
Operating Revenues & ADF
In 2010, AIA’s operating revenues, inclusive of the
company’s share from the Airport Development Fund
Athens International Airport managed to deliver healthy (ADF), showed a drop of 3.1%, from €419.5 million to
financial results during the most challenging year for €406.4 million. Chart 5.1 shows the revenue breakdown.
the Greek economy in recent history. 2010 was a year
of extremely difficult economic conditions for Greece, Chart 5.1
with negative trends in the macroeconomic indicators 2010 Revenue Structure
affecting passenger traffic and overall business
performance adversely. In addition, the Greek aviation Aeronautical revenues, inclusive of AIA’s share from
market was further impacted by the fleet and network the Airport Development Fund contribute the most to
consolidation of both home-based carriers. Despite these
adverse conditions, the company recorded Profits before
Tax of €158.5 million compared to €264.5 million in
2009. Excluding the positive extraordinary effect of 2009
(related to the release of impairment provisions and the
recognition of interest revenues on overdue accounts),
AIA performed better than 2009 by €6.0 million. The
company managed to sustain high profits, following
efforts to maintain solid revenue streams combined with
enhanced cost control actions. The following section
provides a review of the company’s financial performance
in 2010. For a better comparison of the revenue, interest
and performance indicators compared to the previous
year, relevant figures for 2009 were adjusted for the
extraordinary income.
Operating Revenues & ADF
In 2010, AIA’s operating revenues, inclusive of the
company’s share from the Airport Development Fund
