Ich stimme der Verwendung von Cookies zu. Auch wenn ich diese Website weiter nutze, gilt dies als Zustimmung.

Bitte lesen und akzeptieren Sie die Datenschutzinformation und Cookie-Informationen, damit Sie unser Angebot weiter nutzen können. Natürlich können Sie diese Einwilligung jederzeit widerrufen.






Corona: What Flughafen Wien tells us so far (RCB)

13.03.2020

Air travel is in the centre of the storm and is strongly impacted by the cancellation of conferences and events as well as by plummeting business and holiday travel. Passenger growth at Vienna Airport slumped significantly as of the last week of February. After reporting passenger growth of 14.4% yoy in January the yoy comparison dropped to -15.8% on March 2, the last available data point.

Home carrier Austrian Airlines (43% market share at Vienna Airport) announced to cut capacities on European routes by 20%. European traffic accounts for 85% of total passengers. Hence, the cut represents roughly 17% of capacity. Flights to Italy were cut by 40%. For the time being, this measure will apply until the end of the winter schedule at the end of March. Flights to China and Iran are completely suspended.

On March 2 Flughafen Wien addressed high uncertainty to its previously (end of January) published FY 20 guidance but stated to see the traffic and earnings guidance still achievable adding that a better assessment will be possible in four to six weeks. A cost-cutting program will be introduced to cushion the negative effects. In light of the latest developments we see especially the passenger and revenue guidance as hard to achieve. The implications for bookings in the summer holiday season will be key for the negative implications on FY 20e numbers.

From a historical point of view, such external shocks have only resulted in a temporary
reduction of growth. After the slump of air travel following the terrorist attacks on September 11 in 2011 passenger growth at Vienna Airport recovered strongly as of 4Q 02. In 4Q 02 passenger numbers increased by 14.5% yoy and in FY 03 by 6.8%. In the aftermath of the financial crisis (passenger numbers declined by 6-15% in 4Q 08 – 3Q 09) the number of passengers recovered by 8.7% yoy in FY 10 and 7.2% yoy in FY 11.

( Bernd Maurer, RCB) 

More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us 


Partners









latest 21st Austria

Corona: What Flughafen Wien tells us so far (RCB)


13.03.2020

Air travel is in the centre of the storm and is strongly impacted by the cancellation of conferences and events as well as by plummeting business and holiday travel. Passenger growth at Vienna Airport slumped significantly as of the last week of February. After reporting passenger growth of 14.4% yoy in January the yoy comparison dropped to -15.8% on March 2, the last available data point.

Home carrier Austrian Airlines (43% market share at Vienna Airport) announced to cut capacities on European routes by 20%. European traffic accounts for 85% of total passengers. Hence, the cut represents roughly 17% of capacity. Flights to Italy were cut by 40%. For the time being, this measure will apply until the end of the winter schedule at the end of March. Flights to China and Iran are completely suspended.

On March 2 Flughafen Wien addressed high uncertainty to its previously (end of January) published FY 20 guidance but stated to see the traffic and earnings guidance still achievable adding that a better assessment will be possible in four to six weeks. A cost-cutting program will be introduced to cushion the negative effects. In light of the latest developments we see especially the passenger and revenue guidance as hard to achieve. The implications for bookings in the summer holiday season will be key for the negative implications on FY 20e numbers.

From a historical point of view, such external shocks have only resulted in a temporary
reduction of growth. After the slump of air travel following the terrorist attacks on September 11 in 2011 passenger growth at Vienna Airport recovered strongly as of 4Q 02. In 4Q 02 passenger numbers increased by 14.5% yoy and in FY 03 by 6.8%. In the aftermath of the financial crisis (passenger numbers declined by 6-15% in 4Q 08 – 3Q 09) the number of passengers recovered by 8.7% yoy in FY 10 and 7.2% yoy in FY 11.

( Bernd Maurer, RCB) 

More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us 




 

Bildnachweis

Aktien auf dem Radar:Semperit, Kapsch TrafficCom, Frequentis, Zumtobel, FACC, Amag, AMS, Marinomed Biotech, Andritz, CA Immo, Erste Group, Linz Textil Holding, Porr, Rosenbauer, Telekom Austria, Wienerberger, Stadlauer Malzfabrik AG.


Random Partner

S Immo
Die S Immo AG ist eine Immobilien-Investmentgesellschaft, die seit 1987 an der Wiener Börse notiert. Die Gesellschaft investiert zu 100 Prozent in der Europäischen Union und setzt den Fokus dabei auf Hauptstädte in Österreich, Deutschland und CEE. Das Portfolio besteht aus Büros, Einkaufszentren, Hotels sowie aus Wohnimmobilien.

>> Besuchen Sie 56 weitere Partner auf boerse-social.com/partner


Useletter

Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren

Runplugged

Infos über neue Financial Literacy Audio Files für die Runplugged App
(kostenfrei downloaden über http://runplugged.com/spreadit)

per Newsletter erhalten