04-May-2012 11:27 AM
Koebenhavns Lufthavne A/S: Consequences of Cimber Sterling's bankruptcy
Direct News Source
03-May-2012 Stock Exchange Announcement number 5/2012
Regrettably, Cimber Sterling has filed for bankruptcy today. Cimber Sterling accounted for approximately 6% of CPH traffic. Several routes have already been replaced by other carriers. CPH is furthermore in talks with a number of airlines to fill the remaining routes.
CPH will only suffer a limited loss on receivable amounts from Cimber Sterling.
Based on the current information CPH still expect the total number of passengers to increase compared to 2011. And overall, a higher total profit before tax, when excluding one-off items, is expected for 2012.
Thereby CPH retains the expectations for 2012