Naviair expects a financial loss of approximately DKK 50 million after tax in 2024. The loss is mainly due to our plan to ensure greater resilience, resulting in increased costs for training and recruiting more air traffic controllers.
Increased costs for training and recruiting more air traffic controllers are planned in order for Naviair to meet its responsibilities from 2025. This increase is based on the expected costs for 2025-2029 reported by Naviair to the European Commission as part of the setting of Naviair’s charging basis for 2025-2029. The intention is to finance the increase in costs for training and recruitment through an increase in the charging basis.
Naviair’s debt, which arose as a result of COVID-19, is expected to increase by approximately DKK 80 million in 2024 compared to 2023. Naviair’s debt reduction depends on what the European Commission's sets in terms of the permitted charging basis for 2025-2029 (the RP4 period). If the expected cost level submitted by Naviair is approved, the debt is expected to be fully redeemed by 2028.
Air traffic is expected to continue to increase to 91-95 per cent of 2019 levels in 2024 according to EUROCONTROL’s latest STATFOR forecast from October 2023. The traffic pattern in 2023 with a higher proportion of traffic during holiday periods and a lower proportion on weekdays is expected to continue.
Based on the company’s plan for achieving increased resilience, it is expected that better resilience will be achieved by 2025. Shortages will be covered by temporary measures, including internal rotations and senior retention in 2024. In addition, planning for extra shifts will be needed.