Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Denmark
  4. Nasdaq Copenhagen
  5. Københavns Lufthavne A/S
  6. News
  7. Summary
    KBHL   DK0010201102


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CPH: Air traffic still on its knees on first anniversary of the lockdown in Denmark

03/09/2021 | 06:00pm EDT
CPH: Air traffic still on its knees on first anniversary of the lockdown in Denmark

One year ago tomorrow, the coronavirus put Denmark into lockdown and sent aviation into free fall. At Denmark's largest airport, a mere 106,000 passengers passed through the terminals in February. This largely corresponds to the ordinary passenger volume on a single busy summer's day in July in pre-corona times. But there is a flicker of light in the corona darkness. If the pandemic loosens its grip and the airlines can fly to their planned summer schedules, the opportunities for travel will be many.


Let's rewind to February 2020 when the terminals of Copenhagen Airport (CPH) were teeming with life and happy travellers, and the coronavirus was just a somewhat disconcerting rumour from China. That month, 1,987,766 people passed through the airport. This year, the figure was 106,139 - equivalent to a drop of 95 per cent.

One year ago tomorrow, the Danish government announced a lockdown at its historic press conference on 11 March. A few days later, Denmark closed its borders. The global COVID-19 pandemic triggered the worst crisis for Copenhagen Airport since World War II. Even with two ordinary months of traffic in 2020, passenger numbers for the year fell from 30.3 million to 7.5 million. In 2021, the numbers of both flights and passengers have continued to fall.

'The entire world is in effect closed down, and travel is currently only permitted for absolutely essential family or business reasons. A year ago, we had about 675 flights per day in February, while this year, we had some 100 departures and arrivals - and two thirds of the seats on those aircraft were empty,' explains Chief Commercial Officer Peter Krogsgaard of Copenhagen Airports A/S.

International traffic was virtually non-existent in February. As a result, the two largest destinations out of CPH were both domestic: Aalborg and Rønne. So far, the Danish aviation industry alone has lost as many as 10,000 jobs, most of them at Copenhagen Airport.

'The aviation industry was the first to be hit by the crisis, and we'll probably be the last to emerge from it,' says Krogsgaard.

A ray of light in the corona darkness
However, the roll-outs of vaccine programmes all over Europe, the efforts to develop a Danish and an international 'coronavirus passport' and the airlines' spring and summer programmes have all helped to light a candle in the coronavirus darkness.

'If you look at the airlines' websites, you'll find plenty of spring and summer travel destinations to choose from, whether you want a city break or to go to a beach in Spain, Greece, Italy, Croatia or France. Of course, it'll all depend on whether it'll be safe from a health perspective and if travel restrictions are eased in Denmark and the rest of the world. But people definitely have the appetite for travel,' says Krogsgaard.

The airlines are ready
Recently, Spanish low-cost carrier Vueling announced routes from CPH to Spain's three classic Mediterranean destinations: Malaga, Alicante and Barcelona - destinations that both Norwegian and the largest airline at CPH, SAS, also offer flights to.

During spring and summer, SAS and Norwegian will be adding routes to typical holiday destinations, such as Crete, Athens, Kos, Rhodes, Rome, Florence, Sicily, Pisa, Milan, Malta, Alanya, Nice, Montpellier and Dubrovnik. EasyJet will mainly be focusing on major European cities, such as Berlin, Paris and London, while Ryanair will also provide services to Porto, Naples and Thessaloniki, among others.

SAS already has intercontinental flights to Washington, Chicago, San Francisco, New York and to Shanghai in China - although currently, these are mainly cargo routes.

'It's impossible to say how many of these routes will open this summer, so people should remember to check their airline's rules for re-booking, for example. On the other hand, the many routes being planned shows that the airlines have plenty of aircraft just waiting to carry passengers as soon as they get permission and can do it safely,' says Krogsgaard.

'We don't expect demand for air travel to take off until steps are taken to reopen society in Denmark and internationally. We're certainly looking forward to seeing Danes travel the world again, but we're just as excited about welcoming some of the several millions of tourists who usually visit Denmark during the summer months,' he says.

Download Excel


Copenhagen Airports A/S published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 06:07:03 UTC.

© Publicnow 2021
06/10CPH TRAFFIC DATA : Cautious optimism at Copenhagen Airport
05/18CPH INTERIM REPORT : Minimal traffic and a loss before tax of DKK 436 million
05/18KØBENHAVNS LUFTHAVNE A/S  : Interim report of Copenhagen Airports A/S (CPH) for ..
05/12CPH TRAFFIC DATA : Only 6,000 travellers daily in April
04/26KØBENHAVNS LUFTHAVNE A/S  : Course of copenhagen airports a/s' annual general me..
04/21KØBENHAVNS LUFTHAVNE A/S  : Read the chairman's Welcome Address here (PDF).
04/21KØBENHAVNS LUFTHAVNE A/S  : Read the chairman's Oral Report here (PDF).
04/15QUIET MARCH AT CPH : Copenhagen Airport praises reopening plan
03/26CPH FINANCIAL STATEMENT : loss of DKK 828 million following a year of 1970-level..
03/26KØBENHAVNS LUFTHAVNE A/S  : Group Annual Report for 2020
More news
Sales 2020 1 576 M 253 M 253 M
Net income 2020 -638 M -102 M -102 M
Net Debt 2020 9 545 M 1 531 M 1 531 M
P/E ratio 2020 -66,2x
Yield 2020 -
Capitalization 58 233 M 9 355 M 9 341 M
EV / Sales 2019 12,3x
EV / Sales 2020 32,9x
Nbr of Employees 2 617
Free-Float 1,40%
Duration : Period :
Københavns Lufthavne A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KØBENHAVNS LUFTHAVNE A/S
Short TermMid-TermLong Term
Income Statement Evolution
Managers and Directors
Thomas Woldbye Chief Executive Officer
Rasmus Hagstad Lund Chief Financial Officer
Lars Nørby Johansen Chairman
Christian Poulsen Vice President-Assets & Technology
Kristian Durhuus Vice President-Customer Service & Operations