The state-owned Boryspil international airport’s net profit reduced 3.2-fold to UAH 126.742 million in 2013, compared with 2012.
The airport’s General Director Oleksii Kochanov announced this to journalists. According to him, fiscal year 2013 was extremely difficult for the airport because of the planned increase in spending on maintenance of its terminals, as well as because of a reduction in revenues due to falling passenger traffic.
According to Kochanov, the airport’s sales revenue amounted to UAH 1.615 billion in 2013, which is 4.8% less than its revenue in 2012 (UAH 1.696 billion). Its expenses increased by 15.1% to UAH 1.488 billion in 2013 (UAH 1.293 billion in 2012).
The general director said that the airport was able to achieve positive financial results in 2013 because of cost optimization in the third and fourth quarters of the year. In particular, it reduced several expenditures, including expenditure on maintenance of Terminal F. In addition, the airport’s revenues increased in the second half of the year because of gradual recovery of passenger traffic.
The Boryspil airport is the largest airport in Ukraine. It accounts for more than 50% of the passenger traffic in the country. More than 50 airlines perform regular flights to/from the airport, offering passengers over 100 routes worldwide. Passenger traffic through the airport reduced by 6.5% to 7.93 million in 2013, but it is expected to increase by 25% in the first quarter of 2014.