Ferenc Liszt International’s runways are “a long way” from capacity, allowing for an increase in passenger turnover, Dömötör said.

A new terminal could be built and transport links to the city center upgraded, the state secretary explained.

The return of Ferenc Liszt International operator Budapest Airport to state ownership recently was of “strategic importance”, he argued. He called out the airport’s previous owners for what he called taking a “pile of money” out of the airport instead of making necessary investments and said Budapest Airport could generate dividends of HUF 30 bln-35 bln a year.

Ferenc Liszt International passenger numbers rose 20% to 14.7 million last year, still under the close to 16.2 million in 2019, the year before the coronavirus pandemic.

Budapest Airport booked after-tax profit of EUR 74.1 million in 2023, public records show.