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Leipzig/Halle and Dresden Airports Report Record €53.5 Million Loss

Management says the result stems from upfront restructuring costs rather than a loss of control.

Overview

  • Owner Mitteldeutsche Flughafen AG reported a €53.5 million net loss for the last fiscal year, with revenue down 2.9% to €186.2 million and EBIT at minus €39.3 million.
  • The company attributes the deficit to consultant fees, studies, and initial implementation costs tied to its restructuring program.
  • A previously identified €145 million financing gap was closed through new bank loans and shareholder support, securing operations through the end of 2026.
  • Saxony-Anhalt has signaled it will stop covering Dresden Airport’s deficit from 2027, raising questions about longer-term funding.
  • MFAG is owned by the states of Saxony and Saxony-Anhalt, and regional reporting highlights potential service cuts and job uncertainty as the restructuring continues.