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P. 7
2011
both during the European Routes and globally during the lower overall corporate tax. The Annual Ordinary General
16th World Route Development Forum. For its successful Meeting of the Shareholders on March 8th decided
business model and strong performance in 2011, on the distribution of €111.0 million as dividend to its
AIA received two additional significant international shareholders, or €3.7 per ordinary share.
distinctions: “European Airport of the Year 2011” by
the Institute of Transport Management, and it was a Within the framework of our operational responsibility,
Distinguished Honoree safe, orderly and efficient
at the International airport operations
Business Awards in Abu along with high level of
Dhabi in the category services were maintained
“Company of the Year- throughout the year.
Transportation”. In Extraordinary mobilisation
November 2011, aiming to of AIA personnel and
boost the attractiveness implementation of
of the city of Athens as contingency procedures
a city break destination became necessary in
for foreign visitors, the order to minimise the
«athenspotlighted» impact on airside and
programme was launched, landside operations during
which promotes the several disruptions that
most interesting spots occurred further to a
in Athens at discounted wave of third parties
prices, attempting to industrial actions. Among
uplift the city image our main highlights: the
and attractiveness. The accommodation of the
programme was endorsed Special Olympics World
by an increasing number Summer, when AIA took
of companies amounting all measures to handle and
to 160 at the end of the facilitate the safe, dignified,
year and more than and comfortable flow
14,000 card holders. of the athletes, escorts,
relatives and officials, and
Despite the extremely the HCAA approval for
unfavourable macro- Airbus A380 operations at
economic environment, AIA, allowing the airport
2011 profitability to accommodate the
remained healthy, driven world’s largest commercial
by the company’s efforts airliner for an ad-hoc and
towards protecting its emergency operation last
revenues, reducing its April. Furthermore, in
costs and optimizing order to establish a fully
its investments. The functional Collaborative
company’s operating Decision Making (CDM)
revenues reached the system for Airport Users,
amount of €332.8 million, Dr Ioannis N. Paraschis cooperation between
lower by €23.8 million Chief Executive Officer AIA, HCAA/ATC and
compared to the previous Eurocontrol intensified
financial year, the main contributor being the decrease in 2011, while in the context of the Crisis Planning &
in passenger traffic by 6.3%. AIA’s cost reduction efforts Emergency Management, a series of emergency exercises,
continued in 2011, including impairment losses and the trainings and workshops were conducted.
provisions for extraordinary risks, as well as the higher
cost charged for utilities, and operating expenses In the retail sector, having to address the prevailing
amounted to €130.3 million. Overall, the Company unfavourable economic conditions of the Greek market
recorded Profit before Tax of €129.5 million and a profit and the reduced spending capability of the Greek
after tax of €104 million, 7.7% higher than in 2010 due to travellers, the Airport Shopping Centre’s annual plan
Annual report 7
both during the European Routes and globally during the lower overall corporate tax. The Annual Ordinary General
16th World Route Development Forum. For its successful Meeting of the Shareholders on March 8th decided
business model and strong performance in 2011, on the distribution of €111.0 million as dividend to its
AIA received two additional significant international shareholders, or €3.7 per ordinary share.
distinctions: “European Airport of the Year 2011” by
the Institute of Transport Management, and it was a Within the framework of our operational responsibility,
Distinguished Honoree safe, orderly and efficient
at the International airport operations
Business Awards in Abu along with high level of
Dhabi in the category services were maintained
“Company of the Year- throughout the year.
Transportation”. In Extraordinary mobilisation
November 2011, aiming to of AIA personnel and
boost the attractiveness implementation of
of the city of Athens as contingency procedures
a city break destination became necessary in
for foreign visitors, the order to minimise the
«athenspotlighted» impact on airside and
programme was launched, landside operations during
which promotes the several disruptions that
most interesting spots occurred further to a
in Athens at discounted wave of third parties
prices, attempting to industrial actions. Among
uplift the city image our main highlights: the
and attractiveness. The accommodation of the
programme was endorsed Special Olympics World
by an increasing number Summer, when AIA took
of companies amounting all measures to handle and
to 160 at the end of the facilitate the safe, dignified,
year and more than and comfortable flow
14,000 card holders. of the athletes, escorts,
relatives and officials, and
Despite the extremely the HCAA approval for
unfavourable macro- Airbus A380 operations at
economic environment, AIA, allowing the airport
2011 profitability to accommodate the
remained healthy, driven world’s largest commercial
by the company’s efforts airliner for an ad-hoc and
towards protecting its emergency operation last
revenues, reducing its April. Furthermore, in
costs and optimizing order to establish a fully
its investments. The functional Collaborative
company’s operating Decision Making (CDM)
revenues reached the system for Airport Users,
amount of €332.8 million, Dr Ioannis N. Paraschis cooperation between
lower by €23.8 million Chief Executive Officer AIA, HCAA/ATC and
compared to the previous Eurocontrol intensified
financial year, the main contributor being the decrease in 2011, while in the context of the Crisis Planning &
in passenger traffic by 6.3%. AIA’s cost reduction efforts Emergency Management, a series of emergency exercises,
continued in 2011, including impairment losses and the trainings and workshops were conducted.
provisions for extraordinary risks, as well as the higher
cost charged for utilities, and operating expenses In the retail sector, having to address the prevailing
amounted to €130.3 million. Overall, the Company unfavourable economic conditions of the Greek market
recorded Profit before Tax of €129.5 million and a profit and the reduced spending capability of the Greek
after tax of €104 million, 7.7% higher than in 2010 due to travellers, the Airport Shopping Centre’s annual plan
Annual report 7
