Renta 4 | The Industry and Transport Committee of the Spanish Parliament rejected the non-binding motion presented by the Popular Party to halt the 6.5% increase in Aena’s airport charges planned for 2026. The vote was close, with 18 votes against and 17 in favour. The fee update is covered by current regulations and, according to Aena, responds to the need to finance investments and infrastructure maintenance. The increase, as…

Deutsche Bank | Last week, news reports indicated that Ryanair would reduce its winter capacity at regional airports in Spain by 40% and in the Canary Islands by 10%. In this context, our analysis of Diio Mi seat capacity for nine key airports (approximately 80% of Aena’s Spanish traffic in 2024) shows that the cuts will be more widespread; for example, IAG Group domestic seats (including Iberia and Vueling) are…

Norbolsa | The public company has announced a new record for scheduled seats for the coming winter season, with 2.1% more seats than in the previous season. The company has also reported that the June-August period was the best ever in terms of passengers, operations and cargo. Between June and August, Spanish airports recorded more than 89 million passengers, an increase of 3.3% compared to 2024. In the same period,…

Intermoney | The company (Hold, PO £24) announced its H1 2025 results this morning and will hold a conference call at 1 p.m. The figures for the first half, together with our estimates, are shown in the table below. Based on traffic levels in Spain in the first half, which grew by 4.5%, Aena generated EBITDA of €1.692 billion (up 9%) in June, slightly below the Intermoney estimate (€1.707 billion)….