Avinor delivers a solid first quarter in turbulent times
Despite geopolitical unrest, Avinor delivers a good first quarter with increased passenger traffic and revenues. The long-term outlook is positive, but there is now considerable uncertainty about the future development and how long it will last.
Developments in the short term will be influenced, among other things, by airlines' capacity and demand for air travel, as well as developments in commercial revenues.
In the first quarter, 11.9 million passengers travelled via Avinor's airports, an increase of 3.9 percent from the same period last year. At the same time, operating revenues increased to NOK 3.2 billion, and the profit after tax was NOK 240 million, up from minus NOK 87 million the previous year.
At the same time, Avinor continues to work on an extensive portfolio of development projects, including new airports in Bodø and Mo i Rana, upgrades to existing airports and modernization of technology and air traffic control systems.
The escalated security situation in the Middle East is affecting aviation internationally. For Avinor, the effects have so far been limited, beyond reductions in aircraft movements and canceled flights to the region.
At the same time, the development entails increased risk for aviation in general, and the situation could change quickly in the event of a more protracted conflict, for example as a result of continued high energy prices, a shortage of aviation fuel and closed airspace.
The underlying outlook going forward is positive. Avinor expects moderate passenger growth to around 59 million passengers in 2032, up from 53.1 million in 2025. The growth will mainly come from international traffic, while domestic traffic is expected to be more stable.
– We are in a time of international unrest, but Avinor has a robust operation and expects both traffic growth and improved earnings over time. At the same time, we are further developing the airports and the offer to passengers, and maintaining focus on safe, stable and cost-effective operations. We are continuously working to keep costs down, says Avinor's CEO Abraham Foss.
Avinor also emphasizes that traffic and revenue developments will continue to be influenced by market conditions, airline offerings and demand for air travel. New travel patterns and customer groups may also change needs in the future.