Berlin airport operators expect group loss of 350 million euros

Publish November 7, 2021
aviation

Berlin, Nov. 7 (BNA): One year after it started operating, Berlin's new BER airport is deep in the red.

A consolidated loss of 350 million euros (405 million dollars) is expected for this year, according to a report by the Berlin-Brandenburg airport company to the Federal Ministry of Transport, which was made available to dpa.

However, the loss will be around 50 million euros less than planned, the report said. From July to October, a profit was generated in the current business.

All airports are experiencing economic difficulties due to the collapse in passenger numbers in the coronavirus pandemic.

BER is also burdened by high debts from the long construction and renovation period of the airport; it went online last autumn after a nine-year delay.

The airport company is pressing for partial debt relief from the states of Berlin and Brandenburg and the federal government, which own the airport. About 2.4 billion euros are needed by 2026.

This will enable the company to raise fresh money on the capital market again in 2026; otherwise this would not be possible until the 2030s, the report said.

bna

Latest Stories

Abu Dhabi hotels post record occupancy in June-

2021-07-14 04:00:00

Abu Dhabi’s hotel industry has reported its highest occupancy since the start of the pandemic, according to preliminary June"...
Read More

Rimini Street UK Recognized in the Top 20 of the 2021 UK’s Best Workplaces™ for Women

2021-07-02 10:00:00
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has been recognized in the 2021 UK’s Best Workplaces™ for Women in the medium-sized firm category. This achievement follows a......
Read More

UAE delivers 60,000 COVID-19 vaccine doses to Yemen's strategic island: gov't source

2021-06-20 07:00:00

The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged"...
Read More

Yemen: Hundreds protest against corruption, high cost of living

2021-06-06 05:00:00

Hundreds of Yemenis in Taiz yesterday protested against corruption and the high cost of living, Anadolu reported.

Human"...
Read More