Boryspil increases August passenger traffic by 20%

Ukraine's largest airport continues riding the wave of the new hub-model strategy, attracting transit passengers and new carriers (Photo by Boryspil Airport)

Kyiv’s Boryspil airport, the largest in Ukraine, managed to continue to expand its passenger throughput in August, reaching 20% YOY, to 976,000 passengers.

The observed growth at the airport comes as a result of the successful implementation of the hub model, which was first administered in 2015. For an eight-month period from the beginning of the year, Boryspil’s passenger traffic increased 15.5% YOY, reaching 5.57 million passengers. The airport has also attracted new carriers.

Additionally, the airport has been working on improving its passengers’ experience. In particular, the airport has expanded its security checkpoint areas and has opened waiting areas for passengers. The expansion of the transit terminal D is also in the plans.

Since Boryspil’s adoption of the new strategy, not only has passenger traffic increased, but the airport’s financial performance also took off. In 2015, the airport managed to reach profitability for the first time in three years. According to international accounting standards, the airport’s net profit for last year amounted to more than 540 million hryvnia ($20.112 million), while the losses stood at 513 million hryvnia ($19.106 million) and 77 million hryvnia ($2.868 million) in 2014 and 2013, respectively. At the end of 2016, Boryspil hopes to reach a net profit of 1 billion hryvnia ($37.244 million).

In the first half of this year, Ukrainian airports overall managed to increase passenger traffic. From January through June, the total air passenger traffic in Ukraine increased 13.1% YOY, to 5.327 million.