Prague Airport Group Handles Pandemic Crisis with Honour, Prioritising Stability and Safety Procedures
In 2020, the Prague Airport Group reported the gross operating loss (EBITDA*) of CZK 687 million. Its economic results were negatively affected the most by the greatest crisis in air transport, the COVID-19 pandemic, which caused a decrease in the number of handled passengers of almost 80%. The fact also significantly affected the passenger and aircraft handling services provided by the Czech Airlines Handling subsidiary. The decline in operations and uncertainty in the market affected the aircraft maintenance segment provided by Czech Airlines Technics, too. The Group thus implemented significant austerity measures last year. The main goal was to ensure the operation and financing of companies, maintain stability, and continue to provide services for passengers, airlines and other customers at the high level as before. Alongside safety, the health of passengers and employees became a priority. Nevertheless, the crisis provided numeral opportunities for all companies associated in the Group to further develop their services, products and infrastructure.
