"Schiphol Airport Passenger Traffic Falls Sharply In March"

Tuesday, April 1, 2003                         

Schiphol Airport Passenger Traffic Falls Sharply In March
DOW JONES NEWS


AMSTERDAM -- Schiphol Group NV, the operator of Amsterdam airport , said
passenger levels fell sharply at the end of March due to the war in Iraq and
the economic downturn.

Schiphol forecast growth in the airline industry will be delayed by two
years.

In the last 10 days of March, passenger travel from Schiphol fell 12% from
last year while the number of flights was down 3%. Preliminary figures for
the whole of March showed that the number of passengers was down 6.0% on
year. For the first two months of the year, the number of passengers grew by
4.9%, but below forecasts made at the beginning of the year.

Schiphol said it will postpone EUR800 million in investment of EUR2.8
billion it planned to make over the coming four years, including putting off
construction of new boarding piers.

Monday, the airport operator had said it would introduce a hiring freeze
because of the situation.

Company Web site: http://www.schiphol.nl


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