Flughafen Zürich stock, airport operator

Flughafen Zürich stock trades below CHF 203 as earnings rise

Published on 09/24/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flughafen Zürich stock posted CHF 163.7 million in first-half profit, up 1 percent year on year. EBITDA reached CHF 374.2 million, while 2026 guidance points to flat EBITDA.

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Flughafen Zürich stock (ISIN CH0319416936) was trading at CHF 202.20 on SIX on September 24, 2026 at 3:11 p.m. CEST, down 0.39 percent from the prior close. The company had reported its strongest first-half result on record on August 28, 2026, with profit, EBITDA and revenue all higher year on year.

Profit reaches CHF 163.7 million

According to Flughafen Zürich, first-half 2026 revenue rose 5 percent to CHF 673.6 million. EBITDA increased 4 percent to CHF 374.2 million, lifting the EBITDA margin to 56 percent.

Group profit reached CHF 163.7 million, up 1 percent from CHF 161.3 million in the prior-year period. The comparison shows the central tension in the result: operating performance improved faster than bottom-line profit because depreciation and financial expenses increased.

International business adds growth

International airport business revenue climbed 16 percent to CHF 66.6 million, while non-aviation revenue rose 5 percent to CHF 328.4 million. Operating costs increased 6 percent to CHF 299.4 million, reflecting the commissioning of Noida Airport and higher project-related expenses.

The company expects 2026 EBITDA to remain at the prior-year level and group profit to fall below the last financial year. Zurich passenger volume is projected to exceed 33 million, while investments in Zurich are expected to reach CHF 400 million.

Stock stays below CHF 203

Flughafen Zürich stock had a market capitalization of CHF 6,207,132,567 at 3:11 p.m. CEST on September 24, 2026. The combination of 5 percent revenue growth and flat EBITDA guidance places cost development and Noida-related expenses at the center of the investment case.