Financial outlook

At the Zurich site, passenger growth of between 2.0% and 3.0% is expected for 2026, which corresponds to a passenger volume of over 33 million passengers.

On 1 October 2026, a new charge period is expected to come into effect at Zurich Airport, which will reduce the charges for airport users by around 10% in total. Taking into account the forecasted passenger growth and lower charges from 1 October 2026, aviation revenue is expected to remain stable for the current year.

At the Zurich site, commercial revenue is likely to move sideways due to the ongoing closure of commercial spaces as part of the project to develop the landside passenger zone. In addition, rising traffic volumes will have an impact on car park occupancy. Real estate revenue is also expected to rise slightly. Revenue from international business will increase again, with the commissioning of the new airport in Noida, India, also making a positive contribution to the development. Non-aviation revenue is expected to be higher overall.

In the 2026 financial year, the opening of the new Noida Airport in particular will lead to an increase in operating expenses. In contrast, only a very moderate increase in expenses is expected at the Zurich site.

All in all, Zurich Airport Ltd. expects earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2026 to be roughly on the same level as the previous year. Consolidated profit, however, is likely to be lower than in the previous financial year. In addition to the charges reduction in Zurich, depreciation and interest expenses will have an impact on the income statement with the opening of Noida Airport.

Investments at the Zurich site are expected to amount to between CHF 350 and 400 million in 2026. Investments of an estimated CHF 100 million are expected at subsidiaries abroad, with completion of construction of the new airport in Noida accounting for the majority of this.