Cologne Bonn reports slight fall in 2022 cargo traffic

Source: Cologne Bonn Airport

Flughafen Köln/Bonn, operator of Germany’s Cologne Bonn Airport, has reported on a return to profit in its 2022 financial year, following the losses of 2021. Cargo volumes were down slightly.

With after-tax profit of €17.2m, the company recorded its best earnings of this century. The 2021 loss was €14.5m.

Cargo traffic remained relatively stable at a figure of 971,000 tonnes.

The previous year’s figure was 986,000 tonnes, the slight decrease the result – the airport operator said – of a difficult global economic and political situation that included the Russia-Ukraine war, inflation, an energy crisis and staffing shortages.

The airport is anticipating a small increase of approximately 2% in cargo volumes – to 985,000 tonnes – this year.

Thilo Schmid, chief executive of Flughafen Köln/Bonn, commented: “We owe our very successful economic developments to our business model, which consists of two central pillars: passenger traffic, which recovered faster than expected last year in Cologne Bonn, and cargo, which we were able to stabilise at a very high level.

“The profit enables us to make important investments in things like climate protection and sustainability, and to further develop the airport.”

Director Torsten Schrank observed: “The rapid recovery in passenger traffic and the ongoing success in the cargo business played a significant role in the results.

“We were able to bounce back quickly from the crisis years and are doing very well financially, even compared to other industry competitors”, Schrank added.

Share this story

Related Topics

Latest cargo airport news

Liege sees air cargo volumes improve again in May

Belgian freighter hub Liege Airport reported another month of increasing cargo volumes in May. The airport said that cargo tonnages…

Read More

Share this story

Yusen Logistics expands Hong Kong Airport feedership operation

Yusen Logistics (Shenzhen) has started handling import air cargo at its Dongguan Humen Bonded Logistics Park (BLP) site using feeder…

Read More

Share this story

Swissport Frankfurt recertified by IATA for pharma

Swissport’s air cargo centre at Frankfurt Airport (FRA) has been reawarded with IATA’s CEIV Pharma (Center of Excellence for Independent…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.