Flughafen Wien AG in the first half of 2026: Earnings improvement of 7.0% thanks to international growth and cost discipline despite difficult market conditions and stagnating revenue (+0.9%)

Flughafen Wien AG in the first half of 2026: Earnings improvement of 7.0% thanks to international growth and cost discipline despite difficult market conditions and stagnating revenue (+0.9%)

 

Decline in passenger volume of -3.2% at Vienna Airport offset by strong growth in Malta (+15.6%) and Kosice (+43.5%) – 1.9% increase in passenger traffic in the Flughafen Wien Group – Reduction of the air transport levy is urgently needed

 

• Financial performance indicators in H1/2026: Revenue up by only 0.9% to € 529.3 million; due to cost discipline and special effects, EBITDA +7.3% to € 227.1 million, EBIT +9.1% to € 159.4 million – Group net profit improved by 7.0% to € 123.2 million

 

• Passenger development in H1/2026: +15.6% in Malta and +43.5% in Kosice whilst Vienna lags behind with a decrease of -3.2% – Austria as an aviation hub requires framework conditions promoting competition

 

• Passenger volumes from January to July 2026: +1.6% across the FWAG Group and
  -3.5% in Vienna – the Malta subsidiary is the key driver of growth

 

• Slightly improved financial guidance for 2026: Revenue of about € 1,080 million, EBITDA of approx. € 425 million, Group net profit equalling about € 220 million and approx. € 190 million after non-controlling interests despite fee reductions and expected passenger decline at Vienna Airport

 

• Slight increase in passenger guidance: for the Flughafen Wien Group to approx. 42.5 million passengers, driven by strong traffic growth in Malta and Kosice; for Vienna Airport to approx. 30.5 million passengers, still implying a noticeable decline in passenger volumes due to the reduction in low-cost carrier capacity

“Solid business performance despite the difficult market environment and passenger decline at Vienna Airport – slightly improved financial guidance – Competitiveness of Austria as an aviation location must be urgently improved”

“Despite a difficult market environment featuring high location costs, the fee reduction in effect since
1 January 2026, the reduced low-cost carrier offering in Vienna and flight cancellations related to the Middle East conflict, the Flughafen Wien Group showed a solid development in the first half of 2026. Thanks to our rigorous cost-savings programme and strong growth in Malta and Kosice, and supported by special effects, EBITDA rose 7.3% to € 227.1 million and EBIT improved by 9.1% to € 159.4 million against the backdrop of stagnating revenue (+0.9%). The Group net profit before non-controlling interests climbed 7.0% to € 123.2 million.

Capital expenditures in Vienna and Malta climbed significantly to € 150.8 million, and the Terminal 3 Southern Expansion, the largest construction project, is proceeding on time and on budget and should be put into operation in the second quarter of 2027, as planned. From today’s perspective, we can also slightly improve our financial guidance for 2026. However, in international comparison, Austria is falling behind as an aviation location, as shown by the developments of airlines and airports in Austria. This also applies to all of Europe, in comparison to major growth markets such as China, India and the USA. If Europe and Austria want to keep up, urgent changes must be made to EU aviation regulations that distort competition, along with implementing simpler administrative procedures for infrastructure projects and ensuring a fundamentally stronger focus on growth and innovation,” says Günther Ofner, Joint CEO and CFO of Vienna Airport.

“Strategic investments post growth, Vienna Airport stagnates – action needed to strengthen Austria as an aviation location”

“Traffic performance in the first half of 2026 was mixed: passenger volumes across the Flughafen Wien Group increased by 1.9%. Growth was driven by the Group’s investments in Malta, which recorded an increase of 15.6%, and Kosice, with growth of 43.5%. Vienna Airport, by contrast, saw passenger numbers decline by 3.2% due to the reduced low-cost offering and the impact of the ongoing conflict in the Middle East. Although this trend continued in July 2026, overall traffic performance has been less negative than anticipated at the beginning of the year. We are therefore able to slightly raise our passenger guidance for the full year to 30.5 million passengers at Vienna Airport and 42.5 million passengers across the Flughafen Wien Group, including Malta and Kosice.

However, for Austria to achieve sustainable growth as an aviation hub once again, it urgently needs a regulatory framework that strengthens its international competitiveness and enables growth. The relief measures for the aviation sector announced by the Federal Ministry for Innovation, Mobility and Infrastructure (BMIMI), amounting to € 60 million over two years, are an important first step. However, they will fall far short of what is required, and further measures are urgently needed. The top priority must be the abolition of the air transport levy, or at the very least a substantial reduction. At present, growth is taking place primarily in markets where no such burdens exist, as demonstrated by airports in our eastern neighbouring countries,” says Julian Jäger, Joint CEO and COO of Vienna Airport.

January to June 2026: 14.3 million passengers at Vienna Airport – 20.0 Mio. passengers across the Flughafen Wien Group

Total passenger volume in the Flughafen Wien Group (Vienna Airport and the international strategic investments in Malta Airport and Kosice Airport) increased to 19,975,392 travellers (+1.9%) in the first half of 2026 compared to the prior-year period. In contrast, Vienna Airport registered a 3.2% decrease in the number of passengers it handled to 14,267,744.

The number of flight movements at Vienna Airport rose 4.6% to 107,709 take-offs and landings in the period January to June 2026. The average seat load factor in the first six months of 2026 equalled 79.3%, comprising a rise of 1.7%p from the previous year. Cargo volume (air cargo and trucking) rose slightly by 0.2% to 154,276 tonnes. Particularly cargo with medical goods showed a substantial rise of 22.4% to 2,497 tonnes.

Malta Airport reported strong passenger growth in H1/2026 to 5,247,403 travellers (+15.6%). Kosice Airport also generated a significant increase in passenger traffic to a total of 460,245 passengers, implying a rise of 43.5%.

H1/2026: Revenue increase to € 529.3 million (+0.9%) and improvement of the Group net profit to
€ 123.2 million (+7.0%)

In H1/2026, the Flughafen Wien Group generated revenue of € 529.3 million, comprising a year-on-year increase of 0.9% compared to € 524.4 million in H1/2025. EBITDA rose by 7.3% yoy to € 227.1 million (H1/2025: € 211.7 million) and EBIT was up 9.1% to € 159.4 million (H1/2025: € 146.1 million). The Group net profit before non-controlling interests in H1/2026 climbed 7.0% to € 123.2 million (H1/2025: € 115.1 million). The earnings improvement can be attributed to the reduction in operating expenses. The cash flow from operating activities fell to € 147.0 million (H1/2025: € 157.1 million) due to higher income tax payments and the reduction in liabilities and provisions. 

Revenue and earnings development of all segments

H1/2026 revenue of the Airport Segment equalled € 231.2 million in H1/2026, whereas segment EBIT totalled € 60.6 million. The Handling and Security Services Segment registered a revenue increase to
€ 103.1 million compared to H1/2025, with segment EBIT at € 3.7 million. This segment also includes the security services of VIAS as well as the handling services provided by Vienna Airport FBO (VAF) and Vienna Passenger Handling Services (VPHS). The Retail & Properties Segment reported revenue of
€ 101.4 million in H1/2026. EBIT of this segment equalled € 47.5 million. Revenue of the Malta Segment in the first half of 2026 was up to € 82.5 million compared to the prior-year period and segment EBIT totalled € 42.8 million.

Capital expenditure

A total of € 150.8 million was invested in intangible assets and property, plant, and equipment as well as investment property or advance payments in H1/2026. The largest investment project at Vienna Airport entailed expenditures of € 59.6 million for the Terminal 3 Southern Expansion project. A total of € 24.8 million was invested at Malta Airport in the first half of 2026.

Slight increase in the passenger outlook for 2026: About 42.5 million passengers expected in the Flughafen Wien Group and approx. 30.5 million at Vienna Airport

For the entire year 2026, Flughafen Wien AG now expects about 42.5 million passengers in the Flughafen Wien Group (including the international strategic investments in Malta Airport and Kosice Airport), driven by strong traffic growth in Malta and Kosice and about 30.5 million at Vienna Airport.

Slightly improved financial guidance for 2026

The Flughafen Wien Group plans total Group revenue to equal roughly € 1,080 million in 2026, as well as EBITDA amounting to approx. € 425 million, a Group net profit for the year before non-controlling interests of about € 220 million and after non-controlling interests of approx. € 190 million. Total investments equalling approx. € 330 million are anticipated in the year 2026. The current passenger outlook and financial guidance assume that there will not be any further adverse geopolitical effects or massive restrictions on flight traffic.

Traffic development in July 2026: Decline in Vienna, strong growth in Malta and Kosice

Flughafen Wien Group: 4.5 million passengers in July 2026

In the month of July 2026, the Flughafen Wien Group (Vienna Airport, Malta Airport and Kosice Airport) handled a total of 4,470,740 passengers (+0.4% vs. July 2025). Passenger traffic at Malta Airport rose by 14.7% in July 2026 to 1,187,590 travellers, whereas Kosice Airport reported a 16.9% rise in passenger traffic year on year to 154,974 travellers.

Vienna Airport: 3.1 million passengers in July 2026

Passenger volume at Vienna Airport in the month of July 2026 equalled 3,128,176 passengers, a drop of 4.7% from the previous year. 

Traffic results in detail

The number of local passengers at Vienna Airport in July 2026 fell to 2,400,287 travellers (-5.3%), whereas transfer passenger traffic was down 1.2% to a total of 714,482. The number of flight movements in July 2026 declined by 4.1% to 21,991 take-offs and landings. The seat load factor remained quite stable at 84.2% (-0.2%p vs. July 2025). Cargo volume totalled 28,013 tonnes, comprising a year on year drop of 0.3%.   

In July 2026, passenger traffic from Vienna Airport to Western Europe equalled 1,105,488 travellers

(-1.0% yoy). The number of passengers flying to Eastern Europe in July 2026 amounted to 267,065 travellers (-16.4%). Vienna Airport reported a total of 55,116 passengers flying to North America (-3.0%) and 35,859 travellers to Africa (+6.6%). A total of 67,176 passengers travelled to the Middle East in July 2026 (-2.4%). The number of passengers flying to destinations in the Far East climbed 10.9% to 72,014 travellers.  

Accumulated passenger volumes January to July 2026: -3.5% at Vienna Airport and +1.6% in the Flughafen Wien Group

The total number of passengers handled by Vienna Airport in the seven-month period January-July 2026 amounted to 17,395,920 travellers. Cargo volume rose slightly in this period by 0.1% to 182,289 tonnes. Passenger volume in the entire Flughafen Wien Group (Vienna Airport, Malta Airport and Kosice Airport) increased by 1.6% during this period to 24,446,132 travellers. 

Details on traffic results can be found in the tables below.

 

Traffic development July 2026

Vienna Airport (VIE)
	07/2026	Diff.% 2025		01-07/2026	Diff.% 2025
Passengers arr+dep+transit	3,128,176	-4.7		17,395,920	-3.5
Local passengers arr+dep	2,400,287	-5.3		13,630,940	-4.2
Transfer passengers arr+dep	714,482	-1.2		3,579,676	-1.9
Flight movements arr+dep	21,991	-4.1		129,700	-4.6
Cargo arr+dep (in tonnes)	28,013	-0.3		182,289	+0.1
MTOW (in tonnes)	953,450	-3.0		5,705,410	-3.3
Malta Airport (MLA, fully consolidated)
	07/2026	Diff.% 2025		01-07/2026	Diff.% 2025
Passengers arr+dep+transit	1,187,590	+14.7		6,434,993	+15.4
Local passengers arr+dep	1,185,784	+14.7		6,427,879	+15.4
Transfer passengers arr+dep	1,806	+10.3		6,178	-1.7
Flight movements arr+dep	7,260	+13.9		41,750	+13.4
Cargo arr+dep (in tonnes)	2,229	-4.8		14,722	-3.6
MTOW (in tonnes)	289,117	+15.9		1,648,722	+15.1
Kosice Airport (KSC, consolidated at equity)
	07/2026	Diff.% 2025		01-07/2026	Diff.% 2025
Passengers arr+dep+transit	154,974	+16.9		615,219	+35.7
Local passengers arr+dep	154,974	+16.9		615,219	+35.7
Transfer passengers arr+dep	0	n.a.		0	n.a.
Flight movements arr+dep	986	+9.8		4,184	+19.7
Cargo arr+dep (in tonnes)	1	> 500		3	+13.0
MTOW (in tonnes)	35,694	+14.0		146,683	+28.7
Vienna Airport and strategic investments (VIE, MLA, KSC)
	07/2026	Diff.% 2025		01-07/2026	Diff.% 2025
Passengers arr+dep+transit	4,470,740	+0.4		24,44,132	+1.6
Local passengers arr+dep	3,741,045	+1.1		20,674,038	+2.1
Transfer passengers arr+dep	716,288	-1.2		3,585,854	-1.9
Flight movements arr+dep	30,237	+0.1		175,634	-0.3
Cargo arr+dep (in tonnes)	30,243	-0.6		197,014	-0.2
MTOW (in tonnes)	1,278,261	+1.2		7,500,815	+0.8

Note: Total number of passengers includes local, transfer and transit passengers,

Traffic data adjusted

  

Consolidated Income Statement

 

in € million H1/2026 H1/2025 Revenue 529.3 524.4 Other operating income 9.9 7.3 Operating income 539.3 531.7       Expenses for consumables and purchased services -28.1 -28.2 Personnel expenses -208.0 -205.4 Other operating expenses -74.6 -86.5 Impairment on receivables/Reversals of impairment -1.9 0.0 Pro rata results of companies recorded at equity 0.4 0.1 Earnings before interest, taxes, depreciation and amortisation (EBITDA)  
227.1 211.7       Depreciation and amortisation -67.7 -65.5 Earnings before interest and taxes (EBIT) 159.4 146.1       Income from investments, excluding companies recorded at equity 0.5 0.9 Interest income 4.8 7.9 Interest expense -1.1 -1.2 Other financial result 1.6 1.7 Financial result 5.8 9.3       Earnings before taxes (EBT) 165.2 155.4       Income taxes -41.9 -40.3 Net profit for the period 123.2 115.1       Thereof attributable to:     Equity holders of the parent 108.3 102.8 Non-controlling interests 14.9 12.4       Earnings per share (in €, basic = diluted) 1.29 1.23

 

 Balance Sheet Indicators

 

in € million 30.06.2026 31.12.2025 ASSETS:     Non-current assets 1,903.8 1,819.9 Current assets 446.3 593.7       EQUITY & LIABILITIES:     Equity 1,700.6 1,726.9 Non-current liabilities 320.5 312.7 Current liabilities 329.0 374.0       Total assets 2,350.1 2.413.6       Net liquidity 264.6 413.8

 

Cash Flow Statement

 

in € million H1/2026 H1/2025 Net cash flow from operating activities 147.0 157.1                 Investing activities -13.3 -9.7                 Financing activities -147.2 -147.3       Free Cash Flow 133.7 147.4       CAPEX¹ 150.8 140.2

1. Excluding Financial Assets

The Annual Report and Financial Report of Flughafen Wien AG for 2026 from January 1 to June 30, will be available to the general public on the Internet at

http://viennaairport.com/en/company/investor_relations/publications_and_reports.

Vienna Airport, 19^th of August 2026      The Management Board

 

 

 

Disclaimer

All statements made in this press release that refer to future developments of Flughafen Wien AG/Flughafen Wien Group are based on current assumptions and forecasts of the management. If the premises for these forecasts do not occur or risks indicated in the risk report arise, actual results may vary from these estimates. Despite the utmost care, all forward-looking statements are therefore made without guarantee and Flughafen Wien AG/Flughafen Wien Group assumes no obligation to update these forward-looking statements or to adapt them to future events or developments.

Contact: Corporate Communications of Flughafen Wien AG  

Press Office     
Peter Kleemann, Company Spokesman   

Tel.: (+43-1-) 7007-23000     

E-Mail: p.kleemann@viennaairport.com   
Investor Relations
Bernd Maurer
E-Mail: b.maurer@viennaairport.com
Tel.: (+43-1-) 7007-23126

Website: www.viennaairport.com