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As they write, the Budapest airport had another record year this year, after last year’s passenger traffic record, with more than 17 million passengers. By comparison, the airport handled a total of just 3.5 million passengers at the end of August, compared to 10.6 million passengers received at the end of August last year. After a low in April, after a slow increase, passenger numbers reached 393,665 in August, but it is well below the 1.6 million passengers in August last year.
The entry restrictions announced by the government are expected to affect passenger traffic in a similar way to what happened between mid-March and June. Wizz Air and Ryanair have already announced their flight cancellations for the next period, and the other airlines will decide on the days to reschedule and cancel their flights.
Based on discussions with airlines, Budapest airport anticipates that a significant number of flights may be announced in the coming days.
and the final schedule is expected to be available for the second half of the week, which will be available from Budapest until the decree is valid. It is expected mainly in the main European centers: London, Berlin, Paris, etc. – The flights will continue to depart to serve the business passenger traffic allowed by the Regulation.
Based on the anticipated flight cancellations and the reduction in passenger numbers, Budapest airport expects a maximum of 3,000 passengers per day in the next period, instead of the usual 45-50,000 per day. Therefore, the annual number of passengers this year is a maximum of a third of the planned, up to 5.5 million passengers this year.
Cost reduction measures have been introduced
This also means that the Budapest airport business plan for 2020, even before the coronavirus epidemic, will not be met in terms of passenger numbers or financial indicators. Since March, the company has lost nearly all of its revenue due to the aviation shutdown, which will also have a significant impact on its 2020 financial results.
Therefore, Budapest airport has introduced a series of cost reduction measures and
In the coming months, it will only be used for the expenses necessary for the safe operation of the airport.
This means drastically reducing the number of investments, renegotiating or terminating contracts and reducing costs that are not necessary for the safe operation of the airport, in order to responsibly preserve existing resources for basic operations and airport salaries.
Although the current crisis is also having a drastic effect on Budapest Airport Zrt., Thanks to the responsible management of previous years, the operation of the company is stable, and the airport operator can continue to ensure the safe and continuous operation of the airport and staff. necessary. position.
Cover image: Getty Images
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