Zurich Airport posts record first-half profit as passenger numbers rise

Zurich Airport Ltd. reported the strongest first-half result in its history as passenger growth lifted both aviation and non-aviation revenue during the first six months of 2026.

Revenue increased by 5% to CHF 673.6 million. Aviation revenue rose by 5% to CHF 345.2 million, while non-aviation revenue grew at the same rate to CHF 328.4 million.

EBITDA advanced by 4% to CHF 374.2 million. Consolidated profit reached CHF 163.7 million, up 1%, despite higher depreciation and financing expenses associated particularly with the opening of Noida International Airport in India. Operating costs rose by 6% to CHF 299.4 million, partly reflecting the start of operations at Noida.

Zurich Airport handled 15.79 million passengers, 6% more than a year earlier and its highest-ever first-half total. Cargo volumes declined by 1% to 217,317 tonnes, mainly because of weaker imports. Its summer schedule includes 67 airlines serving 212 destinations.

Commercial and parking revenue increased by 2% to CHF 134.4 million, supported by higher passenger spending and food-and-beverage sales despite construction affecting the landside shopping area. Real-estate revenue also grew by 2% to CHF 100.5 million.

The company invested CHF 268.7 million during the period, including CHF 202.3 million at Zurich. Major projects include the redevelopment of landside passenger areas, due to open progressively from autumn 2027, and the planned replacement of Dock A, its control tower and dock base.

International airport revenue rose by 16% to CHF 66.6 million, driven mainly by strong performance in Brazil, where passenger traffic grew by an average of 13.8%. The group’s international airports handled more than seven million passengers.

Noida International Airport began operations on 15 June with domestic passenger and cargo flights. Its network will expand gradually, although airspace restrictions, higher fuel costs and airline capacity adjustments are slowing the development of new services.

Zurich Airport expects to handle more than 33 million passengers in 2026, approximately 3% above 2025. Airport charges will fall by around 10% from 1 October, but the company expects passenger growth to keep full-year aviation revenue broadly stable.