aena

In Spain 21st April 2025

Airport traffic in Spain rises 4% in March to almost 24 million passengers, and up 5% year-to-date

Intermoney | Aena (Buy, PO 215 ) announced yesterday with the market open the passenger and freight traffic to March 2025. Figures in Spain showed an increase of 4% last month to just under 24 million passengers, of which almost 10 million were distributed between Barajas and El Prat, which increased their figures by just under 3%. Among the other major airports, Malaga (8%) and Alicante (16%) stood out. So…

Spanish economy 10th April 2025

Aena confirms traffic forecasts up 3.4% to 320 million passengers by 2025, and announces 10-for-1 share split

Intermoney | Aena (Buy, PO €215) held its shareholders’ meeting yesterday at which its chairman Ignacio Lucena confirmed their passenger traffic guidance in Spain of 320 million, implying an annual increase of +3.4%. The forecast was formally announced at the last presentation of the 2024 annual results, held at the end of February. In addition, the operator approved a future 10-for-1 share split, something that was also announced then and…

In Europe 7th April 2025

British authorities approve expansion of Luton, 51% owned by Aena, for around €2,880 million

Renta 4 | The relevant authorities have agreed to give the green light to the expansion of capacity at the British airport Luton, in which Aena has a 51% stake and which in 2024 accounted for just over 5% of the group’s EBITDA with 16.7 million passengers. Current capacity is set at 18 million passengers, but it has already been agreed to expand it to 19 million. This new expansion…

Relevant News Item 26th February 2025

Aena profit rises 19% in 2024 to €1,934 million, above pre-pandemic figures

Intermoney | Aena (AENA) (Buy, Target Price €215/share) has announced its 2024 annual results and will hold a conference call today at 1pm. The main figures are shown in the following table. Based on last year’s traffic levels, which far exceeded pre-pandemic records (112% in Spain), Aena generated EBITDA of €3.51 billion in 2024 (up 16%), or 127% of the 2019 figure, quite in line with estimated IMV (€3.52 billion)….

In Europe 28th January 2025

Aena calls Ryanair’s elimination of 12 routes and 800,000 seats at regional airports by summer 2025 “blackmail”

Norbolsa | Aena’s conflict with Ryanair over airport charges continues. The airline has reduced regional flights in Spain and is demanding incentives to expand. Aena, backed by the government, rejects its demands, accusing it of blackmail, while the airline defends its low-fare model as key to tourism and connectivity. Last week, Aena president Maurici Lucena and the Irish airline’s CEO Eddie Wilson clashed in a debate organised by Hotusa. Lucena…

Spanish economy 24th January 2025

Ryanair calls on Aena to sell ‘failed’ regional airports

Link Securities | The cross accusations between Ryanair and Aena (AENA) continue, after the Irish airline took the decision to eliminate routes in Spain due to ‘excessive fees and the lack of effectiveness of incentive plans’ by the airport manager, as reported on Tuesday by Bolsamanía.com. Now, the airline is going one step further and is asking Aena to sell its regional airports. ‘Minister Puente has two options: he can…

In Spain 15th December 2024

Aena: number of passengers at Spanish airports grows 9.2% year-on-year to 21.6 million in November

Bankinter: Aena’s airports registered 21.6 million passengers in November, which is up 9.2% compared to November 2023. It accumulates an increase of 9.4% so far this year (vs. 9.4% previously). Analysis team’s opinion: Good news for Aena. Airport traffic continues to break historical records month after month and will most likely end the year slightly above our estimates (306M passengers; up 8% on 2023 figures). However, the good prospects are…

In Spain 10th December 2024

CNMC freezes 2025 airport charges in 2025 because Aena “too conservative in forecasting traffic”

Banco Sabadell | The National Commission for Markets and Competition (CNMC) has rejected Aena’s proposal to raise airport charges by about 0.5% in 2025, admitting that the claims of some airlines were justified. It argues that Aena was too conservative in forecasting traffic, which has in fact gone up twice during the year. Assessment: Negative news with limited impact. We already included this increase in our estimates and P.O. although…

In Spain 14th November 2024

Traffic at Aena’s airports up to €266.1 million, 9% year-to-date, or 11% more than pre-pandemic

Intermoney | Aena (Buy, PO €205) yesterday announced its monthly traffic data for October. Passenger numbers in Spain rose 6% year-on-year last month to 28.2 million. Both Barajas and El Prat grew by more than 5%, a figure that was not out of line with the rest of the relevant airports, outperforming for example Valencia (up 4%) and Ibiza (down 1%). The national total in October was 14% higher than…

In Spain 4th November 2024

Aena’s revenues up 16% to €4,329m in September, 127% above 2019 figure

Intermoney | Aena (Buy, PO €215) has announced its 9m 24 results, and will hold a conference call today at 1pm. The figures, along with our estimates, are shown in the attached table. Based on September traffic levels that were well above pre-pandemic records (107% in Spain), Aena generated 9m EBITDA of €2,663m, or 125% of the 2019 figure, slightly above IMVe (€2,646m). We confirm our estimates, which we clearly…

1 2 3 … 7 »