Business news from Ukraine

BORYSPIL AIRPORT SEES ALMOST 60% RISE IN NET PROFIT IN JAN-SEPT

20 November , 2017  

KYIV. Nov 20 (Interfax-Ukraine) – State-owned enterprise Boryspil International Airport (Kyiv), the largest airport in Ukraine, saw UAH 1.63 billion of net profit in January-September 2017, which is 58.8% more than a year ago.
The airport’s press service reported that over the period passenger flow grew by 24%, to 8.07 million, and the number of transfer passengers – by 33%.
The airport said that it was possible to achieve the figures thanks to constructive work with airlines and an effective development model.
“In recent years, Boryspil airport has become one of the largest donors of the national budget, while at the same time, according to the benchmarks set by the regulator, the airport is moving in the direction of lowering airport charges. Undoubtedly, this will revive the market, but will also cause a significant reduction in allocations to the national budget,” the airport’s Director General Pavlo Riabikin said.
In general, at the end of 2017, the Boryspil airport plans to increase the volume of passenger traffic to more than 10 million people.