NIKIs Press Releases

2011-04-04 16:30

NIKI continues to grow as profits soar

In the 2010 financial year NIKI Luftfahrt GmbH reported a sharp increase in passenger numbers – gains that significantly outperformed the European trend. In total the airline carried 3,378,447 passengers, an increase of 31.2% (2009: 2,574,323). Both the charter business and scheduled flights recorded passenger volume gains.

Despite a number of unforeseen external factors, total revenue was up significantly in 2010, advancing by some 25.2% year on year to EUR 337.4m (2009: EUR 269.5m).

The successful introduction of new aircraft to the fleet was a major factor behind the jump in revenue. The NIKI fleet now comprises 17 aircraft, up from 12 a year earlier.

NIKI has also expanded its network of scheduled services by about two thirds, and in 2010 invested in six new destinations which will be served by Vienna: Barcelona, Belgrade, Bucharest, Copenhagen, Nice, and Sofia.

Despite this considerable investment in new scheduled services , sharp increases in fuel prices and a number of highly disruptive one-offs – such as airspace closures in the wake of the Icelandic volcano eruption and the unusually harsh European winter – NIKI Luftfahrt GmbH was in the black for the sixth year in a row. In fact, NIKI’s results beat the company’s forecasts, and outperformed the profit outlook in the process.


NIKI generates profit for sixth successive year


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NIKI posts highest rise in 2010 passenger numbers at Vienna International Airport
NIKI made further advances at its home airport of Vienna in 2010. While overall passenger volumes at Vienna International Airport rose by 8.7%, NIKI recorded the fastest growth of any airline on the Viennese market, at 27.7%. This significant increase is reflected in an improvement in NIKI’s market share from 9.2% to 10.8%.


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NIKI grows from strength to strength

In 2011 NIKI Luftfahrt GmbH will continue to grow significantly. The arrival of six new aircraft and the return of two older A319s will significantly lower the age of the fleet. Of the 21 aircraft in the new expanded fleet, 12 will be only a year old, taking the average age to 2.1 years. NIKI has one of the youngest and most modern fleets of any European airline, ensuring that customers will continue to enjoy a unique and premium travel experience.

NIKI will intensify its focus on business travel in 2011. The number of flights serving the Belgrade, Bucharest, Copenhagen and Sofia routes – all of which were introduced with a single daily service last year – will be increased to better meet the needs of business travellers. NIKI now flies to Bucharest three times daily, and Sofia and Copenhagen twice daily. From May there will be four flights serving the Vienna–Zurich route each day. In autumn a second daily flight to Belgrade will be added.

A daily direct flight to Madrid was introduced on 28 March. Business travellers now have the option of making the return journey on the same day by using the Palma hub for one of the legs.
The tourist flight portfolio in Spain now includes additional flights on the Valencia and Malaga routes. Daily direct flights are now available to these destinations.

In January and February 2011 NIKI Luftfahrt GmbH’s single seat transactions reflected further gains in terms of both passenger numbers and revenue.  The charter and package tourism business was muted by the crises in Egypt and Libya. Overall, revenue is likely to drop by about EUR 10 million.   NIKI Luftfahrt GmbH is forecasting revenue of more than EUR 400 million on passenger numbers of more than 4 million and another profitable year.

Press office
Milene Platzer
milene.platzer@flyniki.com