Zurich Airport Ltd. expects passenger growth of around 3% at the Zurich site in 2026, resulting in a passenger volume of more than 33 million. Growth is slowing compared to the first half of the year, which is due in particular to the stronger comparative basis.
A new charge period will start at Zurich Airport on 1 October 2026. Despite a total reduction in airport charges of around 10%, aviation revenue is expected to remain stable in the current year due to the expected passenger growth.
At the Zurich site, commercial revenue is likely to remain roughly on the same level as the previous year due to the ongoing closure of commercial spaces as part of the project to develop the landside passenger zone. In addition, real estate revenue is expected to rise slightly. A further increase in revenue is expected for the international business; the newly commissioned airport in Noida, India, will contribute to this. 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 costs. In contrast, only a very moderate increase in costs 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 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 fee 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 around CHF 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.