Dear Sir or Madam,
Our strong business performance and the positive development in traffic volumes were particularly noteworthy in the past year – they confirm the course we have set for our airport and demonstrate that our company continues to create value reliably and in a spirit of partnership, even in times of global uncertainty.
In 2024, we recorded earnings after taxes (EAT) of 64 million euros – an increase of 39 million euros compared to the previous year. Revenue rose to a new record level of more than 1.6 billion euros. This strong result is not only proof of our successful corporate strategy, but also a clear indicator of the trust our customers and partners place in us.
«Air traffic at Munich Airport and our business performance are developing exceptionally well.»
Personnel Industrial Relations Director
The number of air passengers in 2024 rose by around 4.5 million compared to the previous year, reaching nearly 42 million passengers making us one of the growth champions in Europe. This increase of over 12 percent underscores the high degree of attractiveness of our airport. We are thus taking a major step closer to the pre-pandemic level of 2019, when we counted almost 48 million passengers here in Munich.
We owe this positive development not least to the various measures we have taken to continuously improve our operational performance. For example, we optimized the security checkpoints by expanding and modernizing them with CT scanners, enabling a capacity increase of up to 30 percent. In addition, we are increasingly relying on innovative technologies to increase efficiency, such as AI-supported check-in monitoring and automated passenger boarding bridges.
«Innovatively and sustainably – that is how we will create lasting value at Munich Airport.»
Together with our most important partner, Lufthansa, we are focusing on growth and quality in Munich: The A380 fleet will once again be used more extensively on long-haul routes starting in summer 2025, and the A350 aircraft will be retrofitted with the new Allegris cabin interior. This underlines the airline’s premium claim for travelers to and from Munich, particularly in Business and First Class. We are also enhancing the passenger experience through targeted cooperation with Lufthansa – before departure or after arrival.
The growth in routes and carriers – including Vietnam Airlines, Cathay Pacific, and Discover Airlines’ new intercontinental destinations from summer 2025 – strengthens our competitiveness and create an even broader offering at the Munich hub.
One key strategic focus is the demand-driven expansion of our airport. The completion of the new pier at Terminal 1 is approaching, and we expect it to open for passenger traffic in the first half of 2026. In 2024, we made total investments of 294 million euros, for example in modern handling equipment and in the campus infrastructure.
«Our goal is to offer premium-level quality in handling, punctuality, and the overall passenger experience.»
At the same time, the use of efficient, climate-friendly technologies is also crucial for the future viability of the aviation industry. We are therefore ambitiously driving forward our sustainability goal «Net Zero 2035»: photovoltaic systems on the airport site will generate a quarter of the airport campus’s electricity requirements in the future. Another cornerstone of our climate strategy is e-mobility: we have already converted our vehicle fleet to more than 600 electric vehicles – corresponding to a 41 percent share.
The ongoing development of our airport team is also a decisive key to sustainable success: As part of our «Agenda Operations 2025,» we launched a personnel campaign with 1,800 new hires, with 500 additional operational positions planned. These measures demonstrate our determination to remain a high-performing, resilient, and reliable premium airport into the future.
We are proud of the many successes we achieved in 2024 – but above all, we look ahead with confidence, motivation, and optimism. We would like to thank all our employees, partners, and customers for their dedication, support, and trust. In the years ahead, we will continue to develop Munich Airport and establish it as one of the leading hubs in both European and global aviation. Together, we create lasting value.
Yours sincerely,
Jost Lammers
President and Chief Executive Officer,
Personnel Industrial Relations Director