Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Flughafen Zürich AG    FHZN   CH0319416936

FLUGHAFEN ZÜRICH AG

(FHZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Flughafen Zürich : Renewal of the baggage sorting system at Zurich Airport

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/18/2019 | 03:19am EST

The baggage sorting system is being comprehensively renewed and expanded as, among other things, key parts will soon reach the end of their useful life.

The baggage sorting system (GSA) is a central infrastructure for passenger handling at Zurich Airport. The GSA is being renewed and expanded for the following reasons: on the one hand, key parts of the system will soon reach the end of their useful life and will have to be replaced. Moreover, the existing systems for security checks on checked baggage will have to be upgraded in the future in line with new EU regulations. In addition, the existing GSA will reach the limit of its capacity in a few years' time owing to current traffic trends.

Temporary changes for some passengers in Check-in 2
Today, the checked baggage from areas Check-in 2 and Check-in 3 is transported to the centralized sorting station via an underground transport system. Within the next few months, this transport system will be replaced by a more powerful one. During this adjustment, the transport capacity will be reduced. As a consequence, part of the checked baggage will be transported to the centralized sorting station via baggage carts rather than baggage conveyors. This will affect some passengers checking in in the area Check-in 2. Information for passengers is displayed on our website as well as on information boards in the Check-in area. In addition, airport staff will be on site to support the check-in process and wayfinding for all passengers affected.
Flughafen Zürich AG is investing some CHF 500 million Swiss Francs of its own funds in modernising and expanding the baggage sorting system. The construction project will take place in several stages. The first stage of the renewal will start on October 21, 2019, and last for approximately two months. The last stage in Dock E is set to be completed in 2025.

Disclaimer

Flughafen Zürich AG published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 07:18:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FLUGHAFEN ZÜRICH AG
10:39aSWISS PREMIÈRE : aircraft refuelled with sustainable aviation fuel at Zurich Air..
PU
01/15FLUGHAFEN ZÜRICH : Zurich airport operator open to investors for projects overse..
RE
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport November 2019
PU
2019FLUGHAFEN ZÜRICH : Zürich AG wins Concession for Airport in India
PU
2019FLUGHAFEN ZÜRICH : New winter timetable from 27 October 2019
PU
2019FLUGHAFEN ZÜRICH : Renewal of the baggage sorting system at Zurich Airport
PU
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport September 2019
PU
2019FLUGHAFEN ZUERICH : Key traffic figures Zurich Airport August 2019
PU
2019FLUGHAFEN ZUERICH : THE CIRCLE to open in 365 days
PU
2019GLOBAL MARKETS LIVE : TechnipFMC, LVMH, J&J, Glencore…
More news
Financials (CHF)
Sales 2019 1 202 M
EBIT 2019 399 M
Net income 2019 301 M
Debt 2019 863 M
Yield 2019 4,11%
P/E ratio 2019 17,9x
P/E ratio 2020 18,2x
EV / Sales2019 5,16x
EV / Sales2020 5,23x
Capitalization 5 339 M
Chart FLUGHAFEN ZÜRICH AG
Duration : Period :
Flughafen Zürich AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FLUGHAFEN ZÜRICH AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 183,77  CHF
Last Close Price 173,90  CHF
Spread / Highest target 27,1%
Spread / Average Target 5,68%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Stephan Widrig Chief Executive Officer
Andreas G. Schmid Chairman
Stefan Tschudin Chief Operating Officer
Lukas Brosi Chief Financial Officer
Konrad Zöschg Head-Information & Communication Technology
Sector and Competitors