- Hans Weber
- December 1, 2023
Letiště Ostrava (Ostrava Airport) Ends Operating Loss Streak, Generates CZK 4.99 Million Profit in 2022
After a series of operating losses, Letiště Ostrava (Ostrava Airport) in the Czech Republic experienced a remarkable turnaround in 2022, reporting a profit of CZK 4.99 million. This positive result marked a significant improvement from the CZK 32.6 million loss incurred in the previous year, according to the airport’s annual report. The airport’s revenues also saw a substantial increase of 26.8%, amounting to CZK 70.2 million, reaching a total of CZK 332.4 million.
Jaromír Radkovský, the airport’s general manager, attributed the positive outcome to a successful summer season, during which the number of passengers exceeded expectations. Active negotiations with travel agencies also contributed to increased passenger numbers. In 2022, the airport served 286,393 passengers, representing a remarkable 108% increase compared to the previous year. However, passenger numbers were still 11% lower than the pre-pandemic levels of 2019.
The majority of passengers comprised holidaymakers utilizing organized trips from Ostrava to 16 destinations. Notably, flights to Egypt operated without interruption from February to November, with popular destinations including Antalya in Turkey, Burgas in Bulgaria, and Marsa Alam and Hurghada in Egypt. Smartwings emerged as the primary carrier, and the charter season started earlier than in previous years, with an expanded range of destinations compared to 2021.
In addition to passenger traffic, cargo traffic at Letiště Ostrava also experienced significant growth. Despite a 15% drop from the previous year, the airport handled 15,490 tons of cargo in 2022. This decline was attributed to global factors such as Covid restrictions in China and the conflict in Ukraine. However, over the past five years, the volume of handled cargo has nearly tripled, primarily due to collaborations with strong logistics players like DHL and UPS, which regularly operate flights to Ostrava. The airport also partners with EGT Express, utilizing aircraft from Uzbekistan Airways and Skytaxi.
Non-aviation activities contributed approximately 19% of the airport’s revenue, amounting to CZK 42.4 million. The leasing of buildings, land, and related commissions accounted for the largest share, representing 44% of these revenues. Other airport services, including training, entrance permits, equipment rentals, and parking fees, also played a significant role.
The financial results of Letiště Ostrava in 2022 mark a significant improvement after years of operating losses. The surge in passenger and cargo traffic, along with the expansion of the charter season, played a crucial role in generating profits. Positioned strategically in the eastern part of the Czech Republic, Letiště Ostrava continues to play an essential role in the country’s aviation industry and its economic development.
Article by Prague Forum