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Budapest Airport to Raise Airline Fees, Vilaggazdasag Reports

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June 20 (Bloomberg) -- Budapest Airport Zrt., the operator of the Hungarian capital’s international airport, plans to boost fees for airlines after its property tax more than tripled, Vilaggazdasag said, citing Chief Executive Office Jost Lammers.

Budapest Airport’s property tax increased to 2.25 billion forint ($10 million) from 675 million forint even after the collapse of state-owned carrier Malev Zrt. cut revenue and triggered cost-cuts at the airport, that included the closing of a terminal, Lammers said in an interview in the Budapest-based business newspaper.

Budapest Airport reported an 8 billion forint loss before taxes last year and “because of Malev’s bankruptcy it’s certain that this won’t be smaller” this year, Lammers told Vilaggazdasag.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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