Link Securities | Spanish airport operator Aena (AENA) has published a tender for the regeneration of the pavement on runway 18R-36L at Adolfo Suárez Madrid-Barajas Airport for €39,768,485. The works have a completion period of twelve months. The actions to be carried out include the regeneration of the runway pavement and its threshold, the installation of new pipe banks and new cabling, the replacement of halogen lights, and the reinstallation…

Intermoney | Aena has just announced the acquisition of a 51% stake in the holding company that wholly owns Leeds and Newcastle airports for around £270 million, or €310 million. The operator expects to complete the transaction in Q2 2026. There will be a conference call today at 9 a.m. Aena already has a presence in the United Kingdom through Luton Airport, which it consolidates globally, and which we expect…

Link Securities | Aena (AENA) airports (comprising 46 airports and two heliports in Spain, London Luton Airport and 17 airports in Brazil) have received a total of 356,907,392 passengers so far this year, representing an increase of 4.2% compared to 2024. According to data from the Spanish airport system operator, there were 3,039,108 aircraft movements (up 2.5%) and 1,396,665 tonnes of cargo were transported, 7.7% more than in the same…

Link Securities | On Monday, the British High Court approved the expansion of London Luton Airport, managed by Aena (AENA), dismissing the appeal by the Luton and District Aircraft Noise Control Association (Ladacan), which claimed that its approval did not adequately consider the environmental impact, according to a report in the newspaper Expansión on Tuesday. The expansion project promoted by Aena plans to increase the capacity of the airport, located…

Alphavalue / Divacons | The airport operator, Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and Santander signed a financing agreement in Brazil for around €915 million for the expansion and modernisation of the eleven airports it was awarded in August 2022 and which it manages under the Bloco do Onze Aeroportos de Brasil company. Specifically, Aena agreed to issue debentures (negotiable securities) for R$5.3 billion, of which the…

Alphavalue / Divacons | The airport operator will have to look for other growth opportunities in Brazil, as the 20 airports that Motiva 8 (formerly CCR) had put up for sale have been awarded to the Mexican Airport Group (Asur) for 5 billion Brazilian reais (€809 million). The sale agreement was signed yesterday. Almost all of them are located in Brazil (17), although there are also airports in Ecuador, Costa…

Renta 4 | The Popular Party Parliamentary Group has introduced an amendment (already approved by the Senate, pending Congress) that orders the government to freeze airport charges from 2027 to 2031. It should be pointed out that, despite the fact that fees have been reduced by 36% since 2015, they finance operating costs and investments with a high level of competitiveness at European level. The 2014 law established a double…

Link Securities | Aena (AENA) informed the National Securities Market Commission (CNMV) that Fitch Ratings affirmed AENA S.M.E., S.A.“s long-term issuer default rating and EMTN programme rating at ‘A” and its short-term rating at “F1”. The outlook is “stable”. Fitch explained in its report that the affirmation is based on the solid traffic trend recorded by Aena during 2024 and in the first half of 2025 in its airport network…

Renta 4 | Aena (AENA) will publish its 9M25 results on Wednesday, 29 October 2025, at the market opening, with a conference at 1:00 p.m. P.O. €21.03, recommendation to underweight. Driven by air traffic, which in 9M in Spain has exceeded annual forecasts (up 3.9% against 3.4% Aena and Renta 4 guidance, and 3.9% consensus, our forecast is that Aena will update this guidance to around 4%), we expect aeronautical…

Intermoney | Aena (AENA) (Hold, Target Price €24) announced its passenger traffic figures for September 2025 on Monday when the market opened. Figures in Spain showed a increase of 2.6% last month, exceeding 30 million passengers, of which nearly 11.3 million were distributed between Barajas and El Prat, which increased their figures by slightly less than 1% and 4%, respectively. Among the other major airports, Malaga (up 5%) and Alicante…