As of Wednesday, May 30th 2012, Terminal 1 will close and all airlines will fly in and out of Budapest's Liszt Ferenc Airport Terminal 2.
The airlines' move from T1 to T2 should help Budapest Airport's newest terminal be less of a "ghost town," as some travelers have described it, following the loss of traffic in the wake of Malév's collapse earlier this year. Retailers at T2 are hopeful that business will get better, while passengers will be able to take advantage of Terminal 2's modern infrastructure.
Starting May 30th, the public parking at T1 will also be closed. Budapest Airport is in talks with the Hungarian State Railway Company (MÁV) and the Budapest Transport Company (BKV) to offer transport between Terminal 1's railway station and Terminal 2. For up-to-date information on the move and flight arrivals and departures check Budapest Airport’s website at bud.hu.
Update May 29, 2012: Following the closure of Terminal 1 passengers going to the airport via rail can transfer to Terminal 2 from the train station adjacent to Terminal 1 via bus Nr. 200E.