Flughafen Zürich (ZRH), says that its contract extension with Dufry – which TRBusiness has reported on here – “includes an improvement in the key financial parameters” for itself. It has not revealed the details of those terms.

The airport landlord made the statement this morning minutes after Dufry announced its contract extension from 2018 to 2028.

In 2015, ZRH’s retail tax and duty free revenue fell by -1.1% to CHF95.4m/$96.7m, hit by the high Swiss franc. It was thanks to other streams that commercial revenue stayed positive (see table below and click to enlarge). The spend per departing pax also fell significantly by -3.4%.

As part of the deal for the premature extension and better financial terms, Dufry will redesign all its duty-free locations at the airport in the next two years, but also gains the anchor tenancy in an area of 5,000sq m at the ‘Brands & Dialogue’ module in the new landside service center ‘The Circle’ at Zurich airport.

In a statement, Flughafen Zürich says it “is pleased to tread new paths of commercial activities together with Dufry at the most important airport in Switzerland”.