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Letiste Praha, A. S. (Czech Republic)

Main Activities: Airport Operations
Full name: Letiste Praha, A. S. Profile Updated: November 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Letiste Praha A. S., located in Prague, is the operator of the most significant international airport in the Czech Republic. The company also includes other companies operating in the field of aviation transportation and related ground services at Prague/Ruzyně International Airport. The sole shareholder of the company is the state, represented by the Ministry of Finance of the Czech Republic. Letiste Vaclava Havla Praha serves as the gateway to the Central European region. It is also the airport in one of the most popular tourist destinations in Europe and the largest airport in the Czech Republic. Before the COVID-19 pandemic, the airport handled nearly 18 million passengers. In 2023, the airport expects to handle 13 million passengers. Throughout the year, passengers have access to an average of over 50 airlines connecting Prague with more than 130 destinations worldwide. The airport also operates eight regular cargo carriers and several charter transportation companies. Letiste Praha employs approximately 2,400 employees, and other companies operating at or connected to the airport employ an estimated 14,000 people. Letiste Praha A. S. was established in February 2008 as part of the privatization transformation from the state enterprise Sprava Letiste Praha, s.p. From 2011 to 2018, Letiste Praha A. S. was incorporated into the holding structure of the Czech Aeroholding group. In 2018, the group's structure was simplified, and selected holding companies, including Czech Aeroholding, were abolished, with their assets transferred to the successor company, Letiste Praha. The company is governed by a four-member board of directors and a six-member supervisory board. Letiste Praha closely collaborates with the Ministry of Transport of the Czech Republic, the Civil Aviation Authority, the Air Navigation Services of the Czech Republic, airlines, public administration bodies in the aviation sector and beyond, and other airport users. It also collaborates with the city of Prague and neighboring municipalities. Four carriers, Smartwings, Ryanair, Eurowings, and Czech Airlines, use Letiste Vaclava Havla Praha as their base.

Headquarters
K letisti 1019/6
Prague; The City of Prague; Postal Code: 16100

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Website: http://www.prg.aero

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
February 06, 2008
Key Executives
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Chairman of the Board of Directors
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Vice Chairman of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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100%
Subsidiaries
B. Aircraft, A.S.
100%
Czech Airlines Handling, A.S.
100%
Czech Airlines Technics, A.S.
100%
Company Performance
Financial values in the chart are available after Letiste Praha, A. S. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Total operating revenue
132.32%
Return on Equity (ROE)
0.14%
Debt to Equity Ratio
-0.27%
Cash Ratio
-100%

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