COMMISSION DECISION (EU) 2016/789
of 1 October 2014
on the State aid SA.21121 (C29/08) (ex NN 54/07) implemented by Germany concerning the financing of Frankfurt Hahn airport and the financial relations between the airport and Ryanair
(notified under document C(2014) 6853)
(Only the English text is authentic)
(Text with EEA relevance)
1.
PROCEDURE
2.
CONTEXT OF THE MEASURES
2.1.
CONVERSION OF THE AIRPORT AND ITS OWNERSHIP STRUCTURE
2.2.
PASSENGER AND FREIGHT TRAFFIC DEVELOPMENT AND AIRPORTS IN THE VICINITY
Year |
Number of passengers |
Number of Ryanair passengers |
1998 |
29 289 |
0 |
1999 |
140 706 |
89 129 |
2000 |
380 284 |
318 664 |
2001 |
447 142 |
397 593 |
2002 |
1 457 527 |
1 231 790 |
2003 |
2 431 783 |
2 341 784 |
2004 |
2 760 379 |
2 668 713 |
2005 |
3 079 528 |
2 856 109 |
2006 |
3 705 088 |
3 319 772 |
2007 |
4 015 155 |
3 808 062 |
2008 |
3 940 585 |
3 821 850 |
2009 |
3 793 958 |
3 682 050 |
2010 |
3 457 540 |
[2 766 032 -3 457 540 ] |
2011 |
2 894 363 |
[2 315 490 -2 894 363 ] |
2012 |
2 791 185 |
[2 232 948 -2 791 185 ] |
2013 |
2 667 529 |
[2 134 023 -2 667 529 ] |
Year |
Total air freight in tonnes |
Total freight including freight forwarder in tonnes |
1998 |
16 020 |
134 920 |
1999 |
43 676 |
168 437 |
2000 |
75 547 |
191 001 |
2001 |
25 053 |
133 743 |
2002 |
23 736 |
138 131 |
2003 |
37 065 |
158 873 |
2004 |
66 097 |
191 117 |
2005 |
107 305 |
228 921 |
2006 |
123 165 |
266 174 |
2007 |
125 049 |
289 404 |
2008 |
179 375 |
338 490 |
2009 |
174 664 |
322 170 |
2010 |
228 547 |
466 429 |
2011 |
286 416 |
565 344 |
2012 |
207 520 |
503 995 |
2013 |
152 503 |
446 608 |
Figure 1
Passenger traffic development at Frankfurt Main and Frankfurt Hahn airports in 2000-2012
2.3.
OVERVIEW OF INVESTMENTS UNDERTAKEN BY FFHG AND ITS FINANCIAL RESULTS
In 1 000 EUR |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
Total 2001-2012 |
Investments into infrastructure and equipment |
|||||||||||||
Anlagenzugänge inkl. Umbuchungen |
|||||||||||||
Land |
3 174,00 |
6 488 |
|
2 994 |
4 284 |
3 086 |
8 613 |
593 |
|
[…] |
|
|
|
Terminal |
|
2 519 |
3 310 |
|
|
|
|
251 |
|
|
|
|
|
Cargo Hangar |
|
|
3 850 |
|
3 222 |
|
|
|
|
|
|
|
|
Office building |
|
|
|
|
|
|
|
2 428 |
|
[…] |
|
|
|
Other infrastructure investments |
|
|
10 194 |
1 152 |
|
|
13 275 |
|
|
[…] |
[…] |
[…] |
|
Apron |
1 008,30 |
5 684 |
|
|
3 394 |
|
10 224 |
2 848 |
|
[…] |
[…] |
|
|
Other infrastructure |
1 502,20 |
3 848 |
2 071 |
2 692 |
3 911 |
1 761 |
1 558 |
2 608 |
384 |
[…] |
[…] |
[…] |
|
Immaterial assets (e.g. IT) |
6,1 |
14,50 |
28 |
219 |
487 |
45 |
170 |
121 |
20 |
[…] |
[…] |
[…] |
7 108 |
Equipment |
8 208,89 |
1 097,09 |
12 308,42 |
1 814,00 |
2 294,54 |
20 232 |
7 550 |
3 823 |
359 |
[…] |
[…] |
[…] |
75 550 |
Total |
13 899 |
19 650 |
31 761 |
8 871 |
17 592 |
25 123 |
41 390 |
12 673 |
763 |
17 289 |
19 346 |
7 930 |
216 287 |
In 1 000 EUR |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
Profit and loss statement |
||||||||||||
Revenues |
10 077,61 |
14 908,11 |
22 574,22 |
29 564,18 |
36 859,08 |
43 479,85 |
41 296,34 |
45 383,60 |
42 036,70 |
43 281,58 |
43 658,38 |
40 983,45 |
Other revenues (including compensation for public policy remit) |
7 771,31 |
5 514,63 |
3 686,87 |
3 039,35 |
3 618,93 |
6 097,29 |
5 436,58 |
4 858,16 |
11 540,36 |
14 554,55 |
9 313,99 |
21 390,92 |
Total Revenue |
17 848,92 |
20 422,75 |
26 261,09 |
32 603,53 |
40 478,01 |
49 577,14 |
46 732,92 |
50 241,76 |
53 577,06 |
57 836,14 |
52 972,37 |
62 374,37 |
Costs of material |
– 7 092,39 |
– 10 211,13 |
– 12 560,46 |
– 14 601,17 |
– 17 895,97 |
– 24 062,81 |
– 22 491,85 |
– 25 133,61 |
– 24 979,59 |
– 27 650,17 |
– 20 017,99 |
– 21 871,65 |
Costs of personnel |
– 9 185,12 |
– 9 672,37 |
– 10 734,62 |
– 11 217,21 |
– 12 101,84 |
– 13 337,28 |
– 14 433,17 |
– 15 758,34 |
– 15 883,08 |
– 17 893,60 |
– 18 228,23 |
– 18 349,10 |
Other costs (including marketing) |
– 5 692,81 |
– 11 434,31 |
– 10 521,27 |
– 11 454,36 |
– 14 058,15 |
– 12 885,28 |
– 9 897,46 |
– 9 630,21 |
– 7 796,81 |
– 8 029,40 |
– 6 760,92 |
– 6 643,00 |
EBITDA |
– 4 121,41 |
– 10 895,06 |
– 7 555,27 |
– 4 669,21 |
– 3 577,94 |
– 708,22 |
– 89,56 |
– 280,39 |
– 4 917,58 |
– 4 262,96 |
– 7 965,23 |
– 15 510,62 |
EBITDA (excl other revenues) |
– 11 892,72 |
– 16 409,69 |
– 11 242,13 |
– 7 708,56 |
– 7 196,87 |
– 6 805,51 |
– 5 526,13 |
– 5 138,56 |
– 6 622,78 |
– 10 291,59 |
– 1 348,76 |
– 5 880,30 |
Depreciation |
– 5 325,63 |
– 5 674,68 |
– 6 045,39 |
– 7 699,33 |
– 7 973,46 |
– 10 527,90 |
– 10 191,89 |
– 11 855,19 |
– 12 482,28 |
– 11 827,19 |
– 13 297,31 |
– 12 733,48 |
Financial results (interest received — interest paid) |
– 2 896,64 |
– 3 013,42 |
– 4 006,57 |
– 4 105,53 |
– 4 548,42 |
– 4 588,16 |
– 5 235,30 |
– 5 693,02 |
– 4 915,39 |
– 2 778,06 |
– 5 063,04 |
– 8 177,54 |
Extraordinary revenues and costs |
– 431,54 |
– 206,00 |
– 10,46 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
– 272,55 |
0,00 |
0,00 |
Taxes |
– 580,13 |
– 204,74 |
– 215,18 |
– 323,82 |
– 228,44 |
– 242,33 |
– 245,00 |
– 238,66 |
– 257,45 |
– 240,85 |
– 231,03 |
– 277,52 |
Coverage of losses by Fraport trough the profit and loss transfer |
13 355,35 |
19 993,90 |
17 832,87 |
16 797,89 |
16 328,26 |
16 066,61 |
15 761,75 |
18 067,26 |
5 621,37 |
0,00 |
0,00 |
0,00 |
Annual result (profit/loss) |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
– 7 114,17 |
– 10 855,69 |
– 10 626,14 |
– 5 677,92 |
3.
DESCRIPTION OF THE MEASURES
3.1.
POSSIBLE STATE AID GRANTED TO FFHG
3.1.1. MEASURE 1: 2001 PROFIT AND LOSS TRANSFER AGREEMENT
3.1.2. MEASURE 2: 2001 CAPITAL INCREASE
3.1.3. MEASURE 3: 2004 CAPITAL INCREASE
Fraport |
||||||
|
2005 |
2006 |
2007 |
2008 |
2009 |
Total |
Payments on capital contributions |
2 554 |
1 915 |
1 915 |
1 915 |
1 915 |
10 214 |
Capital reserve |
0 |
0 |
0 |
0 |
0 |
0 |
Total equity |
|
|
|
|
|
10 214 |
Land Hesse |
||||||
|
2005 |
2006 |
2007 |
2008 |
2009 |
Total |
Payments on capital contributions |
4 000 |
4 000 |
750 |
0 |
0 |
8 750 |
Capital reserve |
0 |
0 |
3 250 |
4 000 |
4 000 |
11 250 |
Total equity |
|
|
|
|
|
20 000 |
Land Rhineland-Palatinate |
||||||
|
2005 |
2006 |
2007 |
2008 |
2009 |
Total |
Payments on capital contributions |
537 |
0 |
0 |
0 |
0 |
537 |
Capital reserve |
1 821 |
2 357 |
2 357 |
2 357 |
2 357 |
11 249 |
Total equity |
|
|
|
|
|
11 786 |
3.1.4. MEASURE 4: 2004 PLTA
3.1.5. MEASURE 5: COMPENSATION OF FFHG FOR SECURITY CHECKS
3.1.6. MEASURE 6: DIRECT GRANTS BY LAND RHINELAND-PALATINATE
Year |
Direct Grants (EUR) |
1997 |
[…] |
1998 |
[…] |
1999 |
[…] |
2000 |
[…] |
Total 1997-2000 |
[…] |
2001 |
[…] |
2002 |
[…] |
2003 |
[…] |
2004 |
[…] |
Total 2001-2004 |
[…] |
3.2.
POSSIBLE STATE AID GRANTED BY FFHG TO RYANAIR AND ALL OTHER AIRLINES TRANSPORTING PASSENGERS
3.2.1. MEASURE 7: 1999 RYANAIR AGREEMENT
Charge/fee/tax type |
EUR |
Turnaround fee (per flight comprising landing charge, ramp handling and passenger clearance)(20) |
[…] |
Passenger fee (per arriving passenger) |
[…] |
Air security tax (per departing passenger) |
[…] |
De-icing fluid including hot water (per litre) |
[…] |
3.2.2. MEASURE 8: 2001 SCHEDULE OF AIRPORT CHARGES
|
Charge per aircraft in EUR |
MTOW up to 90 tonnes |
included in the take-off and landing charge |
MTOW of more than 90 tonnes |
50,00 |
3.2.3. MEASURE 9: 2002 RYANAIR AGREEMENT
Aircraft with a MTOW |
Unit |
EUR |
Up to 5,7 tonnes |
Handling |
[…] |
Up to 14 tonnes |
Handling |
[…] |
Up to 20 tonnes |
Handling |
[…] |
Up to 90 tonnes |
Handling |
[…] |
More than 90 tonnes |
Handling |
[…] |
Number of aircraft based at Frankfurt Hahn airport |
Marketing support per passenger (EUR) |
Up to 2 |
[…] |
3 to 4 |
[…] |
5-8 |
[…](24) |
Charge/fee/tax type |
EUR |
Passenger fee (per arriving passenger) |
[…] |
Air security tax (per departing passenger) |
[…] |
De-icing fluid (per litre) |
[…] |
Hot water (per litre) |
[…] |
Revenue for prepaid tickets processed by Ryanair |
[…] |
3.2.4. MEASURE 10: 2005 RYANAIR AGREEMENT
Year |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
No of aircraft |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Passengers (Mio) |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
In EUR |
|
Total average rebate per passenger |
Average passenger fee |
Rebate on all inbound passengers |
[…] |
[…] |
[…] |
Additional rebate on all departing passengers above […] Mio and up to […] Mio per year |
[…] |
[…] |
[…] |
Additional rebate on all departing passengers above […] Mio per year |
[…] |
[…] |
[…] |
3.2.5. MEASURE 11: 2006 SCHEDULE OF AIRPORT CHARGES
Total number of departing and arriving passengers |
Passenger charge per departing passenger in EUR |
Minimum amount of overall airport charges to be paid in EUR |
Less than 100 000 |
5,35 |
|
100 001 -250 000 |
4,40 |
267 500,00 |
250 001 -500 000 |
3,85 |
550 000,00 |
500 001 -750 000 |
3,45 |
962 500,00 |
750 001 -1 000 000 |
3,15 |
1 293 750,00 |
1 000 001 -1 500 000 |
2,90 |
1 575 000,00 |
1 500 001 -2 000 000 |
2,68 |
2 175 000,00 |
2 000 001 -3 000 000 |
2,48 |
2 680 000,00 |
3 000 001 -5 400 000 |
2,48 per passenger 1 to 3 000 000 2,24 per passenger 3 000 001 to 5 400 000 |
Not applicable. |
5 400 001 -10 000 000 |
2,48 per passenger 1 to 3 000 000 2,24 per passenger 3 000 001 to 5 400 000 2,21 per passenger 5 400 001 to 10 000 000 |
Not applicable. |
More than 10 000 000 |
2,48 per passenger 1 to 3 000 000 2,24 per passenger 3 000 001 to 5 400 000 2,21 per passenger 5 400 001 to 10 000 000 2,19 per passenger |
Not applicable |
Total number of departing passengers |
Minimum number of destinations and frequency from Frankfurt Hahn airport |
Marketing support in EUR |
5 000 -100 000 |
[…] |
[…] |
100 001 -250 000 |
[…] |
[…] |
250 001 -500 000 |
[…] |
[…] |
500 001 -750 000 |
[…] |
[…] |
750 001 -1 000 000 |
[…] |
[…] |
3.3.
MEASURES OUTSIDE THE SCOPE OF THE 2008 OPENING DECISION (MEASURE 12)
4.
GROUNDS FOR OPENING THE PROCEDURE AND INITIAL ASSESSMENT
4.1.
POSSIBLE STATE AID GRANTED TO FFHG
4.1.1. MEASURE 1: 2001 PLTA
4.1.2. MEASURE 2: 2001 CAPITAL INCREASE
4.1.3. MEASURE 3: 2004 CAPITAL INCREASE
4.1.4. MEASURE 4: 2004 PLTA
4.1.5. MEASURE 5: COMPENSATION OF FFHG FOR SECURITY CHECKS
4.1.6. MEASURE 6: DIRECT GRANTS BY LAND RHINELAND-PALATINATE
4.2.
POSSIBLE STATE AID GRANTED BY FFHG TO RYANAIR AND ALL OTHER AIRLINES TRANSPORTING PASSENGERS
4.2.1. MEASURE 7: 1999 RYANAIR AGREEMENT
4.2.2. MEASURE 8: 2001 SCHEDULE OF AIRPORT CHARGES
4.2.3. MEASURE 9: 2002 RYANAIR AGREEMENT
4.2.4. MEASURE 10: 2005 RYANAIR AGREEMENT
4.2.5. MEASURE 11: 2006 SCHEDULE OF AIRPORT CHARGES
5.
COMMENTS FROM GERMANY
5.1.
GENERAL REMARKS
5.2.
ALLEGED STATE AID GRANTED TO FFHG
5.2.1. MEASURE 1: 2001 PLTA
5.2.2. MEASURE 2: 2001 CAPITAL INCREASE
5.2.3. MEASURE 3: 2004 CAPITAL INCREASE
5.2.4. MEASURE 4: 2004 PLTA
5.2.5. MEASURE 5: COMPENSATION OF FFHG FOR SECURITY CHECKS
5.2.6. MEASURE 6: DIRECT GRANTS BY LAND RHINELAND-PALATINATE
5.3.
POSSIBLE STATE AID GRANTED BY FFHG TO RYANAIR AND ALL OTHER AIRLINES TRANSPORTING PASSENGERS
5.3.1. MEASURE 7: 1999 RYANAIR AGREEMENT
5.3.2. MEASURE 8: 2001 SCHEDULE OF AIRPORT CHARGES
5.3.3. MEASURE 9: 2002 RYANAIR AGREEMENT
5.3.4. MEASURE 10: 2005 RYANAIR AGREEMENT
5.3.5. MEASURE 11: 2006 SCHEDULE OF AIRPORT CHARGES
5.4.
COMPATIBILITY OF THE MEASURES WITH THE INTERNAL MARKET
5.4.1. COMPATIBILITY OF INVESTMENT AID TO FINANCE AIRPORT INFRASTRUCTURE
5.4.1.1.
Contribution to a well-defined objective of common interest
Figure 2
Market shares in passenger air transport of Frankfurt Hahn airport in 2013
(38)
5.4.1.2.
The infrastructure is necessary and proportionate to the objective
5.4.1.3.
The infrastructure has satisfactory medium-term prospects for use
Figure 3
Total potential passengers at Frankfurt Hahn airport in 2000-2010
Figure 4
Potential low-cost passenger traffic (under the assumption that Ryanair sets a base) at Frankfurt Hahn airport in 2001-2011
Figure 5
Total potential freight traffic at Frankfurt Hahn airport in 2001-2010
5.4.1.4.
Access to the infrastructure in an equal and non-discriminatory manner
5.4.1.5.
Trade is not affected contrary to common interest
5.4.1.6.
Incentive effect, necessity and proportionality
5.4.2. COMPATIBILITY OF OPERATING AID TO FINANCE THE AIRPORT'S OPERATION
5.4.2.1.
Contribution to a well-defined objective of common interest
5.4.2.2.
Need for State intervention
5.4.2.3.
Appropriateness of the aid measures as policy instruments
5.4.2.4.
Existence of an incentive effect
5.4.2.5.
Proportionality of the aid amount (aid limited to the minimum)
5.4.2.6.
Avoidance of undue negative effects on competition and trade between Member States
6.
COMMENTS FROM INTERESTED PARTIES
6.1.
RYANAIR
Table 16
Oxera's incremental profitability assessment of the 1999 Ryanair agreement
(40)
Table 17
Oxera's incremental profitability assessment of the 2002 Ryanair agreement
(41)
6.2.
LUFTHANSA AND BDF
In EUR |
2000 |
2001 |
2002 |
2003 |
2004 |
Depreciations |
4 477 257 |
5 325 627 |
5 423 627 |
6 045 387 |
7 699 330 |
Losses |
8 217 199 |
13 355 347 |
19 993 895 |
17 832 868 |
16 797 889 |
Other operational costs |
[…] |
5 692 808 |
11 434 306 |
10 521 273 |
11 454 363 |
6.3.
ASSOCIATION OF EUROPEAN AIRLINES (AEA)
6.4.
AIR FRANCE
6.5.
COMMENTS SUBMITTED ON THE IMPLEMENTATION OF THE 2014 AVIATION GUIDELINES TO THE PENDING CASE
6.5.1.1.
Lufthansa
6.5.1.2.
Transport & Environment
7.
COMMENTS FROM GERMANY ON THIRD PARTY SUBMISSION
7.1.
ON THE COMMENTS FROM RYANAIR
7.2.
ON THE COMMENTS FROM LUFTHANSA AND BDF
7.3.
ON THE COMMENTS FROM AIR FRANCE AND THE AEA
8.
ASSESSMENT — EXISTENCE OF AID
8.1.
AID NATURE OF THE MEASURES GRANTED TO THE AIRPORT
8.1.1. MEASURE 1: 2001 PLTA
8.1.2. MEASURE 2: 2001 CAPITAL INCREASE
8.1.2.1.
Notion of undertaking and economic activity
8.1.2.2.
State resources and imputability
8.1.2.3.
Economic advantage
Assumptions(84) |
NPV(85) (in EUR) |
20 % growth as from 2005 |
[…] |
10 % growth as from 2005 |
[…] |
7 % growth as from 2005 |
[…] |
Table 20
Profitability assessment of the 2001 capital increase
(87)
Table 21
Comparative assessment of the annual results of FFHG under the business plan for the 2001 PLTA versus the 2001 capital increase
(89)
8.1.2.4.
Selectivity
8.1.2.5.
Distortion of competition and effect on trade
8.1.2.6.
Conclusion
8.1.3. MEASURE 3: 2004 CAPITAL INCREASE AND MEASURE 4: 2004 PLTA
8.1.3.1.
Notion of undertaking and economic activity
8.1.3.2.
State resources and imputability
8.1.3.3.
Economic advantage
Table 22
Profitability assessment of the 2004 capital increase by Land Rhineland-Palatinate
In 1 000 EUR |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2004 capital increase |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
2004 capital increase — annual changes in % |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
2001 capital increase |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
2001 capital increase — annual changes in % |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
|||||||||||
In 1 000 EUR |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
2004 capital increase |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
2004 capital increase — annual changes in % |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
2001 capital increase |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
|
2001 capital increase — annual changes in % |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
8.1.3.4.
Selectivity
8.1.3.5.
Distortion of competition and effect on trade
8.1.3.6.
Conclusion
8.1.4. MEASURE 5: COMPENSATION OF FFHG FOR SECURITY CHECKS
8.1.4.1.
Notion of undertaking and economic activity
8.1.4.2.
State resources and imputability to the State
8.1.4.3.
Economic advantage
8.1.4.4.
Selectivity
8.1.4.5.
Distortion of competition
8.1.4.6.
Conclusion
8.1.5. MEASURE 6: DIRECT GRANTS FROM LAND RHINELAND-PALATINATE
8.1.5.1.
Applicability of State aid rules to public grants decided before 2000 and notion of an undertaking
8.1.5.2.
State resources and imputability to the State
8.1.5.3.
Economic advantage
8.1.5.4.
Selectivity
8.1.5.5.
Distortion of competition and effect on trade
8.1.5.6.
Conclusion
8.1.6. MEASURE 12: EQUITY INCREASE AMOUNTING TO EUR […] MILLION
8.1.6.1.
Relation between the capital increase and the financial arrangements already put in place in favour of FFHG
8.1.6.2.
Conclusion
8.2.
AID NATURE OF THE MEASURES RELATING TO RYANAIR AND OTHER AIRLINES USING THE AIRPORT
8.2.1. GENERAL CONSIDERATIONS REGARDING THE APPLICATION OF THE MEO PRINCIPLE
8.2.1.1.
The feasibility of comparing Frankfurt Hahn airport to other European airports
8.2.1.2.
Assessment of Incremental Costs and Revenues
8.2.2. MEASURE 7: 1999 RYANAIR AGREEMENT
Table 24
Ex ante incremental profitability of the 1999 Ryanair agreement (year 1999)
Table 25
Incremental profitability assessment of the 1999 Ryanair agreement 1999-2003
Table 26
Incremental profitability assessment of the 1999 Ryanair agreement 1999-2003 (incl. annual depreciation for the new passenger terminal of DM […]
(112)
)
8.2.3. MEASURE 8: 2001 SCHEDULE OF AIRPORT CHARGES
8.2.4. MEASURE 9: 2002 RYANAIR AGREEMENT
Turnover revenues per flight (132,30 passengers per flight) |
Unit |
Amount per flight |
Costs/turnover per flight in DM |
||
Ticketing revenue |
Flight |
[…] |
[…] |
||
Passenger charge (less DM 3,52 marketing support)(113) |
Pass. |
[…] |
[…] |
||
Security tax |
Pass. |
[…] |
[…] |
||
Fuel |
m3 |
[…] |
[…] |
||
Non-aviation turnover (basis year 2000) |
Pass. |
[…] |
[…] |
||
Parking |
Pass. |
[…] |
[…] |
||
Total turnover per flight |
|
|
[…] |
||
Variable costs per flight |
|
|
|
||
Wages |
|||||
OPS |
Hours |
[…] |
[…] |
||
Ramp handling |
Hours |
[…] |
[…] |
||
Clearance devices(114) |
|||||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
Passenger and luggage clearance |
|||||
|
Flight |
[…] |
[…] |
||
|
Flight |
[…] |
[…] |
||
|
Pass. |
[…] |
[…] |
||
Total variable costs per flight |
|
|
[…] |
||
Deckungsbeitrag I per flight |
|
|
[…] |
||
Deckungsbeitrag I per year (115) |
|
|
[…] |
||
New route support(116) |
|
|
[…] |
||
Depreciations of investments induced by Ryanair(117) |
|
|
[…] |
||
Financing costs of the aforementioned investments (interest rate: 5 %) |
|
|
[…] |
||
Incremental profit contribution per annum |
|
|
[…] |
||
Table 28
Adjusted Oxera's profitability assessment of the 2002 Ryanair agreement (reduction of the non-aeronautical revenue by 20 %)
8.2.5. MEASURE 10: 2005 RYANAIR AGREEMENT
Table 29
MEOT of the 2005 Ryanair agreement
Table 30
MEOT of the 2005 Ryanair agreement — Sensitivity assessment of the discount rate
8.2.6. MEASURE 11: 2006 SCHEDULE OF AIRPORT CHARGES
In 1 000 EUR |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
EBITDA with the 2006 schedule of airport charges |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
EBITDA without the 2006 schedule of airport charges |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Incremental impact of the 2006 schedule of airport charges |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Source: PWC Report, 2006, page 57. |