Annual financial statements 2024

Another strong increase in air traffic, more than 50% of lost BMW revenue compensated, 
but higher loss due to air traffic control costs - this result for the 2024 financial year 
was presented at the advisory board meeting of Hof-Plauen Airport.

The 2024 financial year closed with strong traffic growth of 24.9% to 10,791 
aircraft movements (previous year: 8,640). A total of 12,002 people used the airport as an arrival or 
departure destination.

"2024 was a positive year for our company in terms of traffic. We are pleased 
that our location is being accepted by commercial customers in particular," says a delighted Ralf Kaußler, Managing Director of 
Airport. Specifically, turnover totalled 2.8 
million euros. The core business of flight operations made the largest contribution to revenue, totalling 1.8 million 
euros. It is also worth noting that the loss of 
rental income from BMW has already been made up by more than 
50% with additional income of around 162,000 euros.

However, the income is offset by expenses of around 3.8 million euros. 
These are made up of cost increases for materials and personnel, but 
in particular from the derecognition of special items. Specifically, the federal government initially discontinued the 
reimbursement of air traffic control costs in March 2025. Due to the unclear 
situation, the accounting department had to prepare the 2024 annual financial statements accordingly 
, resulting in a higher loss.

Managing Director Kaußler ventures a cautious forecast for the current year 2025. "The 
year 2025 has developed well so far. We can expect a traffic level comparable to the 
previous year. The revenue situation is stable." The 
commercial traffic is also continuing to develop positively. The federal government has made additional funds available for air traffic control costs for the 2025 
and 2026 financial years, meaning that 
revenue for air traffic control can also be expected here.

Mayor Eva Döhla and District Administrator Dr Oliver Bär, as shareholders 
of the airport operating company, explain: "The city and district of Hof are jointly responsible 
for the airport and therefore also for the financial deficit. We do this because the 
airport is important for our region, especially as a business location. At the same time, 
we are keeping an eye on developments. The commissioned feasibility study is intended to show how 
we can further develop the structures and generate additional revenue and keep 
Airport fit for the future."

As previously announced, the city and district of Hof, as shareholders, have commissioned the ACR Group with 
the realisation and preparation of a feasibility study. This is intended to identify measures 
and ways in which further revenue can be generated. Results are expected here 
in spring 2026.