Schiphol announces the largest investment plan in the history of the airport to improve infrastructure, working conditions and services to passengers and airlines.
Schiphol will invest 6 billion euros over the next five years.
More passengers (+9%) found their way back to Royal Schiphol Group airports.
In the first half of 2024, airports welcomed 36.1 million passengers.
31.8 million passengers (+11%) flew to, from or via Amsterdam Airport Schiphol.
The number of flights to and from Schiphol was 230,417 (+12%).
The 2024 half-year figures reflect Schiphol’s path to financial recovery after a number of difficult years.
In the first half of the year, Schiphol Group’s underlying net result was 99 million euros.
The cash flow after investments was negative 188 million.
Despite a smooth operational performance this May and summer holidays, overall passenger satisfaction is not at the desired level.
‘In my first three months, I have been impressed by the resilience and passion of our colleagues.
We are proud to once again play our crucial role in connecting the Netherlands with the rest of the world.
Every day, our colleagues do everything they can for the passengers.
The employees make the difference, with a successful May and summer holidays as good examples.
Unfortunately, they are not helped by the state of our infrastructure.
Good infrastructure is the foundation of our services to passengers, but it is currently far from what we want to offer as a quality airport in the Netherlands.
We have a big investment plan of 6 billion, because it is crucial to reduce the satisfaction of our passengers and good service to our airlines.
At the same time, there must be a balance with our environment.
We are and remain committed to reducing our noise pollution for our environment and to improving the working conditions of all employees at our airport,” says CEO Pieter van Oord.
Investment portfolio between 2024-2029 Schiphol is working closely with contractors on the investment portfolio, which includes maintenance and renewal of the aviation infrastructure, renovations of passenger and employee facilities and the implementation of innovative ways to improve working conditions.
In recent months, several new facilities have opened their doors, such as new shops and restaurants in the Lounges.
There is still a lot of work to be done and therefore the maintenance and renewal work will continue in the coming years, on top of the investment plans presented earlier.
Between 2024 and 2029, Schiphol will invest 6 billion euros to improve airport facilities.
Important parts of the airport infrastructure – including pier C, the baggage basement, climate control systems, escalators, aircraft stands and taxiways – are in need of major maintenance or renewal.
Pier A is completed and new construction projects such as the new baggage basement start. “While it is encouraging to see that our financial results are improving and our balance sheet is strong, our overall financial performance is not yet satisfactory.
Rising operating costs and the investment portfolio are putting our current and long-term cash flows under severe pressure.
It is in everyone’s interest that Schiphol once again becomes a high-quality airport with robust infrastructure and excellent services for passengers and airlines.
Our €6 billion investment plans are bigger than ever before and are fundamental to achieving this.
Achieving our ambitions requires a significant increase and acceleration of our operating cash flows, without losing focus on our competitive position,” says CFO Robert Carsouw.
