Flughafen Zuerich Uns/Adr (FLGZY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the presentation of Zurich Airport's half-year results for 2026. My name is Lukas Froese and I will be hosting this presentation together with Kevin Fleck, our CFO. I would like to remind you that the presentation is also available on our website. Today's agenda is as follows. I will begin with a brief business update. Following that, Kevin will provide insights into our financial performance and share our guidance for 2026 as well as an update on our long-term targets and goals. At the end of the presentation, we will address your questions. Please already submit your questions during the presentation. This helps us organize them more efficiently. Stefan Weber will moderate the Q&A session. Let me begin by highlighting our milestone for the first half of 2026. The first half of the year was characterized by continued strong demand in Zürich and the positive development of our business activities in Brazil. At Zürich Airport, passenger volumes increased by 6% to 15.8 million passengers despite the challenging geopolitical environment and the temporary weakness in traffic to and from the Middle East. Operations remained stable and reliable throughout peak travel periods and despite ongoing construction work on several sites. On the commercial side, higher passenger volumes supported airside revenues while landside activities continued to be affected by construction works associated with the development of the landside passenger zones. The real estate business continued its positive development, supported by higher rental income as well as energy and utility revenues. Internationally, we achieved an important milestone with the opening of Neuda International Airport on the 15th of June. While operations commenced successfu...