Munich Airport reports 2022 loss but doubling of revenue

Munich Airport’s 2022 passenger traffic hit “around 70% of pre-crisis level” as revenue doubled year-on-year to €1.2bn. Profit was up by over €200 million, the airport reported, largely due to passenger numbers increasing by almost 20 million to 31.6 million. Earnings before interest and taxes (EBIT) came to €288 million, an improvement of €258 million on 2021, with earnings after taxes (EAT) at minus 59 million, a €200 million improvement on 2021. “We expect this encouraging trend to continue in the current year, too. In 2023 we anticipate another significant increase in our revenue, opening up the prospect for us