Air Transport

MAp Airport' Brussels Airport has posted a 14.2% fall in earnings for 2009.

Its earnings before interest, tax, depreciation and amortisation for the year ended 31 December 2009 fell 14.2% to €191.2 million ($261 million) from €222.9 million a year ago.

Total revenue dropped 3.6% to €365.7 million, while operating costs fell 0.7% to €162.6 million, says MAp.

Despite the results, MAp says the airport's traffic and financial performance had improved through the year.

For example, the airport's aeronautical revenue grew 1.3% while its retail revenue increased 9.8%, says the airport;

"The significant improvement through the year reflects the gradual restoration of airline capacity, continued delivery of new routes and services and the revenue initiatives and productivity gains," says MAp's CEO Kerrie Mather. "MAp looks forward to further traffic initiatives in 2010."