Sofia Airport's Profit up by 39% in 2008 despite Global Crisis

Business | February 16, 2009, Monday // 00:00
Bulgaria Sofia Airport's Profit up by 39% in 2008 despite Global Crisis: Sofia Airport's Profit up by 39% in 2008 despite Global Crisis The Sofia Airport traffic in 2008 appears to not have been affected by the global financial crisis. Photo by sofia-airport.bg

Despite the raging global financial crisis, the Sofia International Airport registered an after-tax profit of BGN 30,4 M in 2008, which is a 39% increase compared to the 2007 levels.

The news was announced Monday by the Airport's CEO, Plamen Stanchev, as quoted by the Pari Daily.

The airport fees revenue in 2008 was about BGN 66 M, which is a 12% compared to 2007. The commercial activity at the airport brought a profit of BGN 120,4 M, which is a 12,8% growth.

In 2008, Bulgaria's largest airport serviced 3 230 696 passengers, which is 17,6% more than the number of passengers in 2007. Stanchev pointed out that this was a remarkable increase in light of the continuing global financial crisis, which has affected international travel.

In his words, in the last five years the number of passengers at Sofia Airport had been growing by about 20% per year.

In 2008, the Sofia Airport serviced 48 626 flights - an increase of 12%. The total volume of transported goods and mail was 18 647 tons - 6,7% more than in 2007.

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Tags: Global Financial Crisis

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