ADR moves back into profit

By Administrator |

Aeroporti di Roma (ADR), the company that manages and operates Rome's Fiumicino and Ciampino airports, has reported that its results are once more positive, following the losses generated in the first two quarters of this

year, although non-aviation revenues were down 7.9%, due to the reduction in passengers and lower customer spending.

ADR reports that it benefited from a good recovery in the third quarter, following the Alitalia-CAI airline recovery consolidation at Fiumicino and also from positive seasonal traffic.

The airports company said that its third quarter performance in particular helped to drag the company's performance back into the black with a E.4.3m ($6.3m) net profit.

ADR said: ‘The fall in traffic volume in the airport system remained stable around -5-6% in comparison with last year, however the general trend improved, showing the first signs of recovery in the low cost segment. In Q3, ADR Group revenues equalled E.157.2m ($233.5m) with an operating result of E.50.5m ($75m) as a result of the good traffic performance in the period, recording a 9.8% increase in passenger traffic against Q2 2009.

‘With reference to the first nine months of 2009 the Group revenues, that reached E.420.3m ($624.4m), were down 3.3% against the previous year, mainly as a result of the underperformance of non-aviation activities (-5.0%) and, to a lower extent, of aviation activities (-1.7%).’


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