Airport operator Schiphol Group posts first-half profit drop

Dutch airport operator Royal Schiphol Group on Friday reported a drop in first-half net profit to E15m from E65m a year earlier, citing higher operational costs. However, the group said passenger numbers rose 22% to 33.2m in the first six months of 2023, helping it to swing to an underlying profit of E44m from a E29m loss a year earlier. The group also said the overall travel experience was better than in 2022, when Europe’s third busiest airport was hit by staff shortages and overcrowding, describing the first half of this year as “a turnaround”.<br/>