Flughafen Wien AG Halts 3rd Runway Project

Flughafen Wien AG has announced a strategic decision to cease further development of its planned third runway project. This conclusion followed a comprehensive evaluation of key factors influencing the project. Despite this, the company asserts that Vienna Airport can continue to expand using the existing two-runway system and planned terminal capacity enhancements, accommodating up to 52 million passengers annually.

The financial implications include the need to write off €55.9 million in payments made between 2018 and 2020 related to mediation agreements, without impacting liquidity. Consequently, Flughafen Wien AG predicts a 2025 net income before minority interests of approximately €210 million, down from a previous expectation of €230 million, factoring in better than expected recent traffic developments.