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August 29, 2022

Royal Schiphol Group swings back to profit in H1 as traffic surges

Passenger volume at Amsterdam Airport Schiphol soared 324%.

Dutch airport management company Royal Schiphol Group has reported 27.3 million passengers across all its airports in the country in the first half of 2022, which is a 359% jump from 6 million in the same period last year.

The group posted a net profit of €65m in the first six months of 2022 as passenger footfall surged.

In the first half of 2021, it had recorded a €140m loss.

The group’s revenue increased to €665m from €257m over this period.

Passenger volume at Amsterdam Airport Schiphol soared 324%.

In the first six months of this year, Amsterdam Airport Schiphol registered 189,506 air traffic movements, up 120% compared with the year-ago period.

However, cargo volumes at the airport fell 14% to 0.7 million tonnes.

Passenger traffic at Amsterdam Airport Schiphol for the full year 2022 is projected to be 51-55 million.

Schiphol CEO Dick Benschop said: “It is great to see that so many passengers are back after the lifting of COVID travel restrictions. Unfortunately, staff shortages have impacted Schiphol in this period of steep growth, like other airports and airlines.

“Due to measures taken, our service level is improving step by step. The passenger experience has been more reliable over the past few weeks.

“We will continue to improve our operational performance, invest in our infrastructure and make changes in the running of the airport where necessary, including the terms and conditions of employment and the social dialogue.”

Earlier this month, Amsterdam Airport Schiphol introduced a new scheme to compensate passengers who missed their flights owing to long waiting time at security control.

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