The 2011 business year
an outstanding performance through consistent cost control, revenue gains and operational improvements
skyguide /
The 2011 business year: an outstanding performance through consistent cost
control, revenue gains and operational improvements
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Geneva, 4 April 2012. Skyguide reports an operating surplus of CHF 27.97 million
for 2011 (compared to an operating deficit of CHF 11.69 million for the previous
year). The favourable operating result was achieved through consistent cost
control and additional revenues, and despite adverse currency movements.
Following changes to the corresponding legal parameters, 2011 saw skyguide
receive its first-ever compensation for the services it provides at regional
airports and in the adjoining airspace of neighbouring countries delegated to
its control, for which it had previously received no or inadequate remuneration.
As a result of the revised financing arrangements, skyguide will be able to
eliminate its current accumulated deficit in the next few years. In operational
terms, too, the work and development effected over the past years have placed
the company in a strong and viable position.
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More revenues and stable costs
On the revenue front, skyguide (Switzerland´s joint-stock company for civil and
military air navigation services) felt the benefit of a 3.1% year-on-year
increase in air traffic volumes. The company also profited last year from an
amendment to the Swiss Federal Aviation Act which meant that - for the first
time - it was at least partially compensated for the air traffic management
services it provides in the adjacent areas of German, Italian and Austrian
airspace that have been delegated to its control. Moreover, with the
implementation of the new special funding arrangements for air transport, the
Swiss government supplied skyguide with a first tranche of the proceeds from its
mineral oil tax fund, in acknowledgement of the air navigation services which
the company provides at Switzerland´s regional airports. As a result of the
above developments, skyguide reports total operating revenue for 2011 of CHF
427.18 million, a 17% increase on the CHF 364.86 million of the previous year.
The company passed on part of these increased revenues to its customers, by
lowering its approach charges for Geneva and Zurich airports. The extra revenues
will now also enable skyguide to gradually reduce the CHF 99 million deficit
which it has accumulated over the past few years. Total operating expense for