Financial outlook

The current year has turned out better than initially expected, and international travel continues to recover. Passenger numbers at the Zurich site are expected to rise to around 28 million in 2023.

Aviation revenue will mirror traffic volumes. Non-aviation revenue is also expected to be on a positive trend. Rising passenger numbers at the Zurich site will lead to higher commercial and parking revenue. A further increase in revenue from rental agreements and from international business activities is also anticipated.

Operating expenses, in particular personnel and security-related expenses, are expected to be driven higher by inflation in financial year 2023. The growth in traffic volumes will also have the effect of pushing up expenses. Significantly higher energy costs are likewise to be expected again.

Overall, Zurich Airport Ltd. expects to post a much higher consolidated profit for full-year 2023 than in the past financial year.

Investment at the Zurich site will amount to approximately CHF 200 million in 2023. Investment at subsidiaries abroad is likely to be around the CHF 300 million mark, with the construction of the new airport in Noida in particular set to pick up pace.