Munich Airport

Integrated Report 2024

Key figures

Company and governance

Results of operations, assets, and financial position

€ million

Change in %

 

2024

2023

2022

2021

2024/23

Group revenue

1,621.4

1,373.3

1,188.0

601.3

18.1

EBITDA

398.1

317.7

238.7

–45.8

EBIT

194.9

114.9

–27.7

–285.7

Consolidated earnings after taxes

64.4

25.4

–58.8

–261.3

EBITDA margin in %

24.6

23.1

20.1

–7.6

 

EBITDA/Pax in €

9.6

8.6

7.5

–3.7

 

EBIT margin in %

12.0

8.4

–2.3

–47.5

 

ROCE1) in %

4.0

2.4

–0.6

–6.0

 

Cash flow from operating activities

419.7

301.5

159.4

–45.8

Investments

294.3

198.3

177.6

250.0

48.4

Free cash flow

124.5

113.4

–15.4

–273.5

 

Equity

1,851.1

1,786.7

1,765.7

1,815.2

3.6

Equity ratio in %

33.0

31.5

32.2

33.0

  

Net Debt/EBITDA

7.4

9.4

12.7

–64.3

 

  1. ROCE = EBIT / (equity + net debt + ongoing employee benefits)

Share of the Airport’s procurement volume

Worldwide = 100%

Change in %

2024

2023

2022

2021

2024/23

Germany

96

96

94

96

0

Bavaria

69

65

62

53

6.2

Munich and the Airport area

43

39

39

33

10.3

Environmental and climate protection

CO₂ emissions

In tonnes

Change in %

 

2024

2023

2022

2021

2024/23 

Direct emissions Scope 1

87,430

83,686

81,613

73,075

4.5

Indirect emissions Scope 2

7,584

6,806

8,739

5,265

11.4

Attributable CO₂ emissions

95,014

90,492

90,352

78,340

4.9

Specific CO₂ emissions

In Kilograms

Change in %

 

2024

2023

2022

2021

2024/23 

CO₂ emissions per passenger

2.29

2.44

2.85

6.27

−6.1

Drinking water and wastewater

In cubic meters

Change in %

 

2024

2023

2022

2021

2024/23 

Volume of purchased drinking water

937,339

891,705

811,648

562,510

5.1

Drinking water consumption per 1,000 TU1)

21.0

22.4

23.7

39.6

−6.3

Total wastewater discharged

2,689,058

2,387,073

2,051,259

1,955,165

12.7

Wastewater per 1,000 TU1)

60.2

59.9

59.8

137.6

0.5

  1. traffic units

Employees and society

Employee structure1)

Number

Change in %

 

2024

2023

2022

2021

2024/23 

Total

9,059

8,362

8,610

8,693

8.3

     Women in %

29.74

31.37

32.04

32.21

−5.2

Men in %

70.26

68.63

67.96

67.79

2.4

Full-time in %

81.06

80.97

77.53

78.82

0.1

Part-time in %

18.94

19.03

22.47

21.18

−0.5

< 30 years in %

15.58

13.45

11.58

10.96

15.8

30–50 years in %

48.85

48.49

50.09

51.07

0.7

> 50 years in %

35.58

38.05

38.33

37.97

−6.5

  1. Reporting date: December 31: Figures exclude apprentices, workers in minor employment, temporary

    workers, and interns.

Apprentices

Number

Change in %

 

2024

2023

2022

2021

2024/23 

Total

275

236

230

247

16.5

Donations and sponsorship

Proportion of total budget in %

Change in %

2024

2023

2022

2021

2024/23

Sport

34

55

77

60

−38.2

Culture

32

32

17

7

0

Social welfare

17

8

4

18

112.5

Environment

13

0

0

2

Education

4

6

2

13

−33.3

Operational

PAssengers

In millions

Number of air travelers from 2020 to 2024 shown as a bar chart. Significant increase from 11.1 million (2020) to 41.6 million (2024).
Number of air travelers from 2020 to 2024 shown as a bar chart. Significant increase from 11.1 million (2020) to 41.6 million (2024).
  • With 41.6 million passengers, Munich Airport achieved double-digit passenger growth in 2024.

  • This made the Bavarian air traffic hub the fastest-growing airport in Germany in 2024.

Aircraft movements

In thousands

Aircraft movements (in thousands) in a five-year comparison. Aircraft movements at Munich Airport increased in 2024.
Aircraft movements (in thousands) in a five-year comparison. Aircraft movements at Munich Airport increased in 2024.
  • The number of take-offs and landings was eight percent higher than in 2023.

  • At around 82 percent, the seat occupancy rate once again exceeded the record result from 2023.

    Management-related

Munich Airport has defined four key performance indicators to measure the development of the company. These key performance indicators are a measure of doing business in a sustainable and integrated manner and influence the variable remuneration components for managers.

CONSOLIDATED EARNINGS BEFORE TAXES (EBT)

€ million

Munich Airport's consolidated earnings before taxes (EBT) in millions of euros. EBT developed very positively in 2024.
Munich Airport's consolidated earnings before taxes (EBT) in millions of euros. EBT developed very positively in 2024.
  • Munich Airport’s EBT for the 2024 fiscal year significantly exceeded the planned figure. 

  • This was mainly thanks to the substantial recovery in traffic volume.

Carbon REDUCTIONS1)

In Tonnes

CO2 savings in a five-year comparison. CO2 savings are a key performance indicator for Munich Airport and increased further in 2024.
CO2 savings in a five-year comparison. CO2 savings are a key performance indicator for Munich Airport and increased further in 2024.
  1. The average consumption values from 2017 are used to calculate the carbon reductions that are generated from the replacement of vehicle types.

  • The efficiency measures that were completed in 2024 produced savings of 3,047 tonnes of CO₂, thus exceeding the target that was set.

LoST TIME INCIDENT FREQUENCY RATE (LTIF)1)

The Lost Time Incident Frequency rate in a five-year comparison. It has fallen from 2023 to 2024.
The Lost Time Incident Frequency rate in a five-year comparison. It has fallen from 2023 to 2024.
  1. Applies to FMG and AE Munich.

  • In 2024, the LTIF for FMG and AE Munich was 14.29, which greatly exceeded the forecast value.

  • This decline is due to the slight reduction in occupational accidents accompanied by a sharp increase in hours worked at the same time.

PASSENGER EXPERIENCE INDEX (PEI)1)

Passenger Experience Index (PEI) in a five-year comparison. The PEI is one of Munich Airport's management-relevant key figures. Customer satisfaction increased in 2024.
Passenger Experience Index (PEI) in a five-year comparison. The PEI is one of Munich Airport's management-relevant key figures. Customer satisfaction increased in 2024.
  1. The value refers to the question about overall satisfaction.

  • Munich Airport recorded a considerable increase in passenger satisfaction as measured by the PEI in 2024.

  • This can be attributed in particular to the ongoing optimization of passenger processes.