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09.03.2017 17:36
Sofia Airport with ‘Catastrophic’ Net Earnings, New CEO Said
The new management of the airport will also call on external expertise regarding the supposed concession of Sofia Airport

  • © kenteegardin,

The net earnings of Sofia Airport for the last year is ‘cathastrophic’, the airport’s newly appointed CEO Plamen Stanchev said, as quoted by BTA.

Stanchev stated that there was an evident disproportion between the number of passengers serviced and the incomes, which stood at less than 5 per cent, unlike the supposed 25 – 35 per cent.

“In 2016 there were 20 million passengers, while earnings amounted to BGN 20 m (about EUR 10 m)”, Stanchev said.

The new management of the airport will also call on external expertise regarding the supposed concession of Sofia Airport, Stanchev said.

The incomes for the concession are supposed to support a decade long reform of the indebted state-run railway operator BDZ.

While the management of BDZ, which was recently fully changed by the interim government, insists that the new government does not abandon the idea about the concession of Sofia Airport, low-cost operators, namely Ryanair, have expressed their opinion that keeping Sofia as a low cost airport would bring more earnings than risking a rushed concession.

In early March Ryanair announced plans to add new flights to its Sofia itineraries, as it saw great growth potential - as much as 77 per cent in 2017, at Sofia Airport. The low cost carrier's chief marketing officer Kenny Jacobs said that the forecasted number of passengers for 2017 is 1.7 million.

TAGS: Sofia Airport | concession | earnings | Bulgaria | transport | BDZ | Ryanair 

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