Swedavia's First Quarter 2021 interim report: Dramatic decline in traffic and continued heavy losses despite measures and aid
Swedavia's first quarter results were strongly affected by the impact of the Covid-19 pandemic on travel. During the period, travel at the company's airports decreased 86 per cent, thus making it the fourth straight quarter that Swedavia has reported a loss. Operating profit was SEK -381 M. The company's net revenue decreased 63 per cent to SEK 457 M (SEK 1,245 M)."It continues to be a very difficult situation for all operators in the aviation market, including Swedavia. We have taken robust measures to cut our costs by up to one billion Swedish kronor on an annual basis, but this could