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Copenhagen Airport returns good result but sees dark clouds ahead

Increasing travel activity gave Copenhagen Airport a pre-tax profit of 234 million kroner in the third quarter of 2022.11.08

Copenhagen Airport returns good result but sees dark clouds ahead
An aircraft landing at Copenhagen Airport in 2019. Photo: Ida Guldbæk Arentsen/Ritzau Scanpix

The Q3 profit represents the first time since 2019 that the airport has made a profit in the third quarter and shows that the company is emerging from a major crisis first brought about by the Covid-19 pandemic, CEO Thomas Woldbye said in a statement.

“Even though energy crisis, war, inflation and the risk of Covid-19 variants is still creating uncertainty, our expectation is that the annual results will be a plus of around 125-225 million kroner,” Woldbye said in the statement.

The airport made a profit of 221 million kroner in the first nine months of this year before tax, lower than the result for Q3 alone.

“So it seems to be looking bright for air travel despite many dark clouds on the horizon. It’s going better but we are certainly not where we want to be yet,” Woldbye said.

Recent years have seen the Covid-19 pandemic in particular cause setbacks for the airport holding company.

The company – Københavns Lufthavne – made a loss of 1.5 billion kroner through 2020 and 2021 and borrowed 2.2 billion kroner to continue operations and make necessary investments, it said.

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TRAVEL NEWS

Tips for short-haul foreign travel from Denmark this Christmas

For the past two Christmases strict Covid rules prevented many people from travelling. This year that isn't an issue, but there are strikes, service reductions and high ticket prices to contend with.

Tips for short-haul foreign travel from Denmark this Christmas

Whether you’re a foreigner in Denmark planning a trip to see friends or relatives over the festive season, a second-home owner or you’re planning a Christmas or New Year trip to Denmark, there are several things worth keeping in mind when planning travel.

Strikes

If you’re taking a trip to the UK, be aware that rail workers are currently engaged in a protracted battle to secure pay increases that will help them cope with the soaring cost of living, and have not ruled out further strikes over the festive season.

If you’re going to Italy there are widespread air and rail strikes in November that could continue into December, while Germany has also seen airline strikes. Low-cost airlines in Spain are also staging strike action that is currently scheduled to last until after Christmas.

You can find the latest in Italy here, Spain here and Germany here.

Flying

Many airlines are struggling to bring back staffing to pre-pandemic levels, making it difficult for them to increase the number of flights to meet demand. The current oil prices have also significantly increased airlines’ fuel costs.

Long-haul flights have been particularly affected, with flights from Denmark to New Zealand for a family of four costing around 100,000 Danish kroner over the Christmas period.

Short-haul flights aren’t quite as jaw-dropping but can still be expensive.

One tip to consider, is flying from a different airport to reduce savings. 

“For the first time in six years of living here in Copenhagen we are using Billund airport to fly to the U.K. for Christmas as it was a third of the price of flying out of Copenhagen on the same dates in December,” The Local reader Rachel Prowse said.

Flights for two adults and two children for two weeks over Christmas from Copenhagen to London Stansted currently cost between 3,500 and 4,500 kroner. From Billund to London Stansted for a family of four it costs between 1,700 kroner and 2,500 kroner depending on the flight time. 

Another reader of The Local suggested advance booking and avoiding check-in luggage to keep costs down.

Trains

DSB is the national rail operator in Denmark. Timetables and tickets can be found at dsb.dk, including discounts for travelling outside of rush hours. The timetable for train travel over the Christmas period which includes slightly adjusted times.

Copenhagen central train station has direct services to Sweden and Germany. From Germany, you will have access to the rest of Europe.

Thanks to a newly launched overnight train service in 2021, you can catch an evening train from Copenhagen and wake up in either Hamburg or Berlin.

The train stops in Høje Taastrup and drops off in Hamburg and Berlin the following morning, although there are not many tickets left over the Christmas period. 

The Seat 61 website provides tips on how to travel comfortably and affordably by train. It includes an introduction to train travel in Europe, as well as an extensive search feature to find trains by starting location.

For example the website guides you through taking trains from Aarhus, Aalborg, Kolding, Odense or Copenhagen to Brussels, Cologne or Hamburg. From Brussels you can take the Eurostar onto London.

However be aware that the Eurostar is running around one third fewer services in order to avoid massive queues due to the post-Brexit passport check rules, and passengers are now advised to allow 90 minutes for pre-boarding checks. Financial troubles at the company have also seen ticket prices rise.

The Trainline is an international platform focused on train travel. The company is based in the UK but has extensive coverage of train travel in 45 countries across Europe.

The aim of the Trainline is find to the cheapest tickets for a selected route. Most of the time, this means booking in advance.

Ferry

An overnight ferry from Copenhagen to Oslo for a family of four costs around 3,300 kroner without including meals. 

There are two ferry routes operating between Denmark and Sweden: Frederikshavn to Gothenburg and Grenaa to Halmstad, which costs around 900 kroner for a family of four without a car over Christmas.

You can travel between Denmark and the UK using ferries. You can take a train from Copenhagen to Hamburg, then Hamburg to Rotterdam and sail overnight from Rotterdam to Hull by P&O cruise ferry.

You can also take the overnight ferry from Amsterdam to Newcastle by DFDS Seaways cruise ferry. You can get from Copenhagen to Amsterdam by train via Hamburg or you can take the car.

This method may not save you money but can make the journey more fun if you want to avoid airport delays.

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