Royal Schiphol Group reported flat net income for the first half of 2026 as the impact of severe winter weather and the Iran war weighed on the bottom line.
The manager of Amsterdam Airport Schiphol (AMS), Eindhoven Airport and Rotterdam The Hague Airport reported a six-month net profit (excluding the revaluation of commercial real estate) of €215 million ($244 million), slightly above net income of €214 million in the 2025 first half (H1). Revenue for the period increased by 5.6% year over year to €1.3 billion, but expenses rose 8% to €849 million.
“The first half of 2026 began with disruption caused by severe winter weather, leading to the cancellation of several thousand flights at [AMS],” Schiphol said. “This was followed by restrictions on air traffic linked to the war in the Middle East. A doubling of kerosene prices put pressure on airline networks, as well as on flight and passenger volumes to and from Schiphol.”
In the face of these headwinds, the group temporarily reduced airport charges, which contributed “to a recovery in air traffic during the second quarter” but negatively impacted financial results by €37 million in H1 2026, Schiphol said.
AMS passengers totaled 32.7 million for H1 2026, down slightly from 32.8 million for H1 2025. Schiphol noted the average number of passengers per flight increased. “This development confirms the expectation that passenger numbers will continue to grow, even with the same number of flight movements,” the group said. “Airlines are renewing their fleets and using larger and quieter aircraft. Schiphol expects passenger numbers to increase to at least 90 million passengers per year by 2050.”
Schiphol reported 223,597 aircraft movements at AMS in H1 2026, a 4% decrease compared to the H1 2025.
Nevertheless, "demand for aviation remains high, even during a period of geopolitical uncertainty,” CEO Pieter van Oord said.
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