Ukrainian Airport Received $7.1 Million of Net Profit

by Anna Gayduk
Thursday, October 28, 2021
Ukrainian Airport Received $7.1 Million of Net Profit

From January to September 2021, the net profit of the “Boryspil International Airport” has considerably increased comparing to the previous year

The total profit is nearly $16 million more than the indicators the enterprise expected, and 39.4 million more than in the nine months of 2020.

Thus, in the third quarter of 2021, the airport fully covered the losses of the first half of the year, which amounted to $2.7 million and were due to the COVID-19 restrictions.

At the end of 9 months of 2021, the accrual of part of the net profit to the state budget is $5.7 million — 80% of net profit.

"The adopted management decisions were correct and made it possible to optimize costs, increase passenger traffic and bring service to a new level. It was these measures of influence that made it possible to increase the airport's net profit," said Boryspil CEO Oleksii Dubrevskiy.

Over nine months of 2021, Boryspil International Airport served 6.976.939 passengers — 4.093.166 passengers of regular flights and 2.883.773 passengers of non-scheduled flights. Compared to the same period in 2020, the total number of passengers increased by 72%.

The rise in profits is of paramount significance for the airport, since Boryspil ended 2020 with $53 thousand in net damage. On April 8, 2021, the airport showed an increase in passenger traffic for the first time since the beginning of the year.

In terms of COVID-19 control measures, Boryspil airport offers an express test for the antigen-detection of coronavirus and a PCR test for coronavirus.

The result can be obtained within 20 minutes. The certificate is issued in Ukrainian and English languages. The express-testing point works 24 hours a day.

You will be interested