Budapest Airport expects HUF 12 bn loss in 2012
By Airlineberg Reporter - Fri May 25, 1:22 pm
The collapse of Hungary’s national airline Malév has broken the momentum of Budapest Airport’s improvement. The manager of the capital city’s Ferenc Liszt International Airport not only expects passenger traffic to decline 13% this year, it is also forced to put off development projects worth some EUR 100 million. BudAir’s regional competitive position is further weakened by the fact that the cabinet has not yet decided on Malév’s slots and that BA is burdened by a property tax, CEO Jost Lammers told a press conference on Thursday.
Lammers said Budapest Airport has lost the most by the bankruptcy of Malév. There is no chance that the collapsed national carrier’s HUF 4.2 billion debt will ever be settled, which forced BA to cut costs. One of the measures that it had to take was to close Terminal 1 as of 29 May. From 30 May onward every airline will be using Terminal 2 at the Ferenc Liszt Airport. Terminal 2 is expected to remain closed for five years.
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