Moody's Aa3 Rating Confirms Prague Airport’s Strong Financial Stability

“Prague Airport has managed its operations in a very responsible manner for a long time, and despite the air traffic slow-down due to the pandemic and the current energy crisis, starting this year, the company certainly reverts to profitable economics. I am very happy that the strong financial stability of our company has also been confirmed by such renowned agency as Moody’s,” Jiří Pos, Chairman of the Prague Airport Board of Directors, said.

According to Moody’s, Prague Airport can benefit especially from its very strong financial position, from the low level of indebtedness and, among other things, from the high volume of secured credit lines with banks. Moody’s also highlighted the ability of Prague Airport to flexibly manage operating and investment costs during the pandemic, as well as the company’s preparedness in the context of the energy crisis. With regards to this year’s challenging season, it was also appreciated that, unlike other airports in Europe, the company did not face a critical shortage of staff.

Competitive and stable airport charges, and the company’s strategic role as the owner and operator of critical infrastructure in the Czech Republic were additional factors with a positive impact on the evaluation.

Inquiries by journalists shall primarily be forwarded to the joint e-mail address of komunikace@prg.aero.

Follow us on Prague Airport’s Twitter @PragueAirport.