TRAN Meeting – European Parliament Strasbourg, 25 March 2009 PROPOSED SUSPENSION OF THE EU SLOTS USAGE RULE Position of European Airports TRAN Meeting – European Parliament Strasbourg, 25 March 2009

THE VOICE OF EUROPE’S AIRPORTS 444 AIRPORTS / 45 COUNTRIES 90% OF COMMERCIAL AIR TRAFFIC 5 NATIONAL ASSOCIATIONS ALFA ACI (French Speaking airports Worldwide) UAF (France) Assaeroporti (Italy) AOA (UK) ADV (Germany)

CRISIS IMPACT ON EUROPEAN AIPORTS

TRAFFIC 2008 (I)

TRAFFIC 2008 (II)

TRAFFIC 2009 JANUARY 2009 2009 FORECAST: - 5% pax / -15% freight - 0,5% pax in 2001 and 2002 All geographical markets affected Worst hit: Spain, UK, Poland, Baltic countries O/D traffic badly hit (domestic) v. transfer traffic Pax traffic to keep declining (pax/freight gap too wide…) Demand/capacity imbalance… further capacity cuts ahead UNCERTAINTY OF TIMING FOR REBOUND

REGIONAL AIRPORTS’ EXPOSURE SPAIN (Jan09) Cordoba -38,8%, Salamanca -38,2%, Vitoria -54,8%, Almeria -35,8% (Madrid -18,5%, Barcelona -21,7% / Santander +5,5%, El Hierro +2,8%) FRANCE (Jan09) Clermont -26,7%, Limoges -22,8%, Chambery -61,39%, Rennes -17% (CDG -6,5%, ORY -10,7%, Nice -10%, Marseille -10% / Grenoble +27%, Biarritz +13,6%) SWEDEN (Jan09) Karlstad -28%, Are Ostersund -35%, Kiruna -30% Malmo -14% (Stockholm-Arlanda -16%, Goteborg -18% / Lulea -9% STO-Bromma -6%) GERMANY (Jan09) Dortmund -27,1%, Stuttgart -13.9%, Saarbrücken -13,2%, Hannover -12,5% (Frankfurt -10,4%, Munich -9,5%, Düsseldorf -7,5%, Berlin -5,9% / Lübeck +9,5%; Weeze +61,1%)

REVENUES & COSTS IMPACTS DOUBLE WHAMMY Declining aeronautical revenues Declining commercial revenues INCREASING CAPITAL COSTS Access to capital markets difficult/costly Privatized airports potentially more exposed INCREASING SHAREHOLDER PRESSURE Publicly-owned airports potentially more exposed INCREASING AIRLINE PRESSURE Request for charges decreases New aviation market structure…

SLOTS USAGE SUSPENSION NOT A LEGITIMATE CRISIS RELIEF MEASURES

LOOKING AT CRISIS RELIEF MEASURES NO AVIATION-SPECIFIC CRISIS (contrary to 911…) ALL AVIATION SECTORS AFFECTED Network Airlines, Low Cost Carriers, Charters, Regional Airlines, Airports, Air Navigation Service Providers, Ground Handlers, etc Unprecedented & continuing uncertainty STRUCTURAL CHANGES UNDERWAY LCC: 23% market share intra-EU 2007… +50% by 2020 Consolidation: SkyTeam, Star Alliance, oneworld NO ONE-SIDED & SHORT-SIGHTED MEASURES (Proportionality, Objectivity, Non-discrimination) No bail-out, No slot suspension, No airport charges freeze BUT Reconsider policy & regulatory framework at EU and national level: 5 key measures!

IMPACT ON AIRPORTS (I) Unused slots by incumbents NO EFFICIENT USE OF SCARCE AIRPORT CAPACITY Unused slots by incumbents Unsatisfied demand (new entrants & other incumbents) WAITING LISTS TYPOLOGY New route from new entrant New route from incumbent Frequency increase by incumbent Time change by incumbent SIGNIFICANT UNACCOMODATED DEMAND (Summer 09) London-Heathrow: 5,3% of total slot capacity London-Gatwick: 3,7% of total slot capacity Paris-Orly: 9% of total slot capacity Frankfurt: 3% of total slot capacity Dusseldorf: 7,5% of total slot capacity Zurich: 3,8% of total slot capacity

IMPACT ON AIRPORTS (II) WORSENS THE IMPACT OF THE CRISIS Airlines will not take up a slot for just one season (no return on investment) Flight cancellations by incumbents with no possible substitution = less revenues for airports – VERY SIGNIFICANT! (up to - 20 mil€/season for large congested airport) AIRPORTS DE FACTO SUBSIDISING INCUMBENTS FOR NOT FLYING! IMPACT BEYOND CONGESTED AIRPORTS Regional airports: risk of loosing connectivity = regional routes more likely to be cancelled (Durham loosing LHR service: - 1,5 mil€ for business community) Ground handlers & Retailers: less revenues Traveling public: exposure to late cancellations Single market: competition & sector restructuring

IMPACT ON AIRPORTS (III) BEYOND THE PRESENT CRISIS… By 2025: 19 highly congested airports in Europe! Rationale for slot allocation system? Efficiency regarding use of scarce capacity/competition? Who owns slots? POSITIVE EVOLUTION OF EUROPEAN AIRPORTS Airports are now businesses in their own right Self financed, fiscal discipline, competitive environment No longer focused on just one airline Driver of airline competition Reflects impact of liberalization & market changes 2009 IS NOT 2001

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