Boryspil Airport reports year-end traffic goal achievement early

Photo by Boryspil International Airport

Ukraine’s largest air gateway, Boryspil International Airport, has reported achieving its planned annual traffic figures early. Kyiv’s primary airport had served 6.54 million passengers by mid-November, exactly the figure forecast for all of 2015. The achievement is the result of increased numbers of direct and transit flights in line with the management’s strategy to transform Boryspil into an international hub, the airport says in a statement.

Airlines’ motivation towards opening new destinations from Kyiv, as well as several other measures, enabled the airport to achieve both traffic growth and profitability. At the end of the first half year, the airport demonstrated prifitability for the first time since 2012, posting a net profit of 200 million hryvnyas (about $8.2 million). Boryspil also managed to cut costs and increase its operational efficiency.

Boryspil is hoping for its revenue to reach 166.9 million hryvnyas by the end of 2015: this is the figure mentioned in the financial plan that was approved by the Ukrainian ministries of infrastructure and economic development.

In 2014, Ukraine’s largest airport reported a loss worth 126 million hryvnyas brought about by the national currency’s devaluation and the resultant negative effect on its credit obligations.

Other Ukrainian airports demonstrated mixed traffic dynamics to October: Kyiv’s other airport, Zhulyany, saw its traffic fall 25.5% YOY to 63,300 passengers, whereas Lviv’s airport served 47,200 passengers, or up 9%.