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business amounting to around 59% of the total income. Chart 5.2 presents the comparison of AIA’s income
Revenue from airport charges recorded a decrease of streams vs. 2009.
4.0%, in line with traffic decrease in terms of passengers
and MTOWs of 5.0% and 8.2% respectively, partly offset Operating Expenses
by the full-year effect of security charge increases in Total operating expenses amounted to €127.9 million in
July 2009. Aiming to support airlines in mitigating the 2010, lower by 9.6% compared to 2009. In an effort to
financial challenges, AIA’s pricing for the year 2010 minimise as much as possible the unfavourable impact
remained unchanged regarding all airport charges of traffic evolution, AIA pursued the implementation of
without any inflationary adjustment. AIA’s share from cost saving actions in all areas, while maintaining quality
the Airport Development Fund (ADF) reached €67.0 levels and service standards. These efforts fully absorbed
million, displaying a decrease of 3.3%, in accordance with the impact of inflation and incremental costs attributed
passenger drop and favourable passengers mix. to security, due to the full-year effect of critical parts
implementation. The overall year on year cost reduction
Income from non-aeronautical segments reached €165.4 was €13.6 million. The breakdown of 2010 operating
million, performing overall lower than the previous expenses and comparison to 2009 are presented in
year’s levels by 2.2%. Revenues from ground handling Charts 5.3 & 5.4.
and airside concessions decreased by 6.2%, reflecting
the unfavourable traffic development both in terms Chart 5.3
of passengers and flights, while the level of charges 2010 Operating Expense Structure
remained at the previous year’s levels. Revenues from
commercial activities were marginally above 2009 levels
by 1.0%, reflecting mainly the full year operation of
the Airport Railway Station, while revenues from retail
units in the terminal and from car parking operations
were more or less at last year’s levels. Property and real
estate revenues decreased by 1.2%, in accordance with
the rental freezing policy and the reduction in communal
charges, following the company’s cost control actions.
Finally, IT&T revenues registered a decline of €1.0 million
compared to the previous year, attributed to the decrease
in traffic related segments, some unfavourable market
trends in telecom streams and decreasing income from
external projects.
Chart 5.2
2010 vs. 2009 Revenues
A N N U A L R E P O R T 2 0 1 0 27
Revenue from airport charges recorded a decrease of streams vs. 2009.
4.0%, in line with traffic decrease in terms of passengers
and MTOWs of 5.0% and 8.2% respectively, partly offset Operating Expenses
by the full-year effect of security charge increases in Total operating expenses amounted to €127.9 million in
July 2009. Aiming to support airlines in mitigating the 2010, lower by 9.6% compared to 2009. In an effort to
financial challenges, AIA’s pricing for the year 2010 minimise as much as possible the unfavourable impact
remained unchanged regarding all airport charges of traffic evolution, AIA pursued the implementation of
without any inflationary adjustment. AIA’s share from cost saving actions in all areas, while maintaining quality
the Airport Development Fund (ADF) reached €67.0 levels and service standards. These efforts fully absorbed
million, displaying a decrease of 3.3%, in accordance with the impact of inflation and incremental costs attributed
passenger drop and favourable passengers mix. to security, due to the full-year effect of critical parts
implementation. The overall year on year cost reduction
Income from non-aeronautical segments reached €165.4 was €13.6 million. The breakdown of 2010 operating
million, performing overall lower than the previous expenses and comparison to 2009 are presented in
year’s levels by 2.2%. Revenues from ground handling Charts 5.3 & 5.4.
and airside concessions decreased by 6.2%, reflecting
the unfavourable traffic development both in terms Chart 5.3
of passengers and flights, while the level of charges 2010 Operating Expense Structure
remained at the previous year’s levels. Revenues from
commercial activities were marginally above 2009 levels
by 1.0%, reflecting mainly the full year operation of
the Airport Railway Station, while revenues from retail
units in the terminal and from car parking operations
were more or less at last year’s levels. Property and real
estate revenues decreased by 1.2%, in accordance with
the rental freezing policy and the reduction in communal
charges, following the company’s cost control actions.
Finally, IT&T revenues registered a decline of €1.0 million
compared to the previous year, attributed to the decrease
in traffic related segments, some unfavourable market
trends in telecom streams and decreasing income from
external projects.
Chart 5.2
2010 vs. 2009 Revenues
A N N U A L R E P O R T 2 0 1 0 27
