Budapest Airport announces layoffs because of Malév grounding

City

Budapest Airport, the operator of Liszt Ferenc International Airport Budapest, on Wednesday said it would lay off 250 people because of the grounding of national carrier Malév.

Budapest Airport said it had no other choice but to make the layoffs. About 1.5 million of Malév's 3.2 million passengers at the airport were transfer passengers, and other airlines, mainly low-fare airlines, have offered to take up only about 1 million of that capacity, it explained.

In addition to the lost passenger numbers, Budapest Airport said it would lose Malév's lease of office space and other facilities, parking spaces and the airline's maintenance base.

Budapest Airport said it had decided on several cost-saving and cost-saving measures, including suspending more than 60 million in investments.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

Budapest Mayor Karácsony signs Global Declaration for Democr... City

Budapest Mayor Karácsony signs Global Declaration for Democr...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.