MAp Airports released its results for the full year 2009 today. The Airport Operator posted a net loss in 2009 while the underlying earnings grew marginally in the year. The company expects better results in 2010 as the global aviation industry has started to recover in late 2009.

MAp Airports, an airports operator, posted a net loss of A$572.7 million in FY 2009 ended December 2009, improving from the year 2008 when the company posted a net loss of A$2.1 billion. While the consolidated earnings before interest, tax, depreciation and amortization (EBITDA) for FY 2009 was reported increased by 2% and was posted to A$767.4 million.

In the full year, the company reported a big decline in its revenue. In the fiscal 2009, MAp, the operator of Sydney Airport, reported the total revenue of A$1.2 billion, decreasing by 76%. The operating expenses in 2009 also declined by 29% and were reported to A$2 billion.

"The ability to deliver such stable earnings despite the challenges of the external environment is testament to the resilience of our airports," said Kerrie Mather, CEO of MAp.

However, MAp, one of the largest private owners and operators of airports in the world, remains optimistic for the coming year as the company sees a continuing recovery in the aviation sector in 2010.