In Q3 of 2021, 501,782 passengers travelled through Tallinn Airport, being nearly 2.5 times more than during the same period of the previous year. The increased number of passengers is also reflected in good business results, being a remarkable performance among the European airports.
While in the first half of the year, the number of passengers was about 19% of the pre-crisis level, then with the introduction of the EU digital COVID certificate on 1 July, the number of passengers reached 52% of the volume of 2019 in Q3.“The average seat occupancy exceeded 70% in July and August, however fell to 64% in September due to the end of the holiday season”, said Riivo Tuvike, the Chairman of the Management Board at Tallinn Airport and stressed that a good summer has also given courage to airlines, and this year’s winter schedule will have more destinations than in summer.
“Unlike usual, airlines plan to add frequencies to a number of existing routes in the fourth quarter and a number of new connections to continue to meet the strong domestic demand.”
The increased number of passengers was also reflected in the growth of non-aviation earnings, above all, from the services to passengers and aircraft. “In nine months, the group earned EUR 18.2 million in sales revenue, being 11% more than in the same period of the previous year. The sales revenue of the third quarter alone increased by EUR 3.5 million compared to the third quarter of the previous year. The income related to passenger and aircraft services increased the most, while the income related to car parking, for example, also increased by the same amount.”
Despite the good results, Tuvike finds it important to continue the prudent management of the company and controlled increase of costs in the light of the growing number of passengers. “Today we can say that we are coming out of the crisis, but this does not mean that we should forget the lessons learnt during the last year and a half. We still consider crucial sound financial decisions and investments in strategically important areas. During the nine months of this year, we have invested a total of EUR 25.7 million and I am delighted to say that in November we will open a new apron specially designed for cargo and MRO operations.”
In Q3, a new 1 MW solar park was completed at Tallinn Airport, and in the coming years, new solar parks will be built to all our airports. “Today we produce nearly 10% of all our energy need at the site and from the sun. We are moving towards our goal to produce 30% of our energy need ourselves by 2024, which is a great leap ahead in achieving carbon neutrality by 2030.”
In nine months, Tallinn Airport served 785,054 passengers and 18,107 flight operations were carried out. Today, Tallinn Airport is moving towards its goal of serving 1.2 million passengers by the end of the year.