aena

Spanish economy 27th June 2023

Aena could be negotiating with banks to refinance two credit lines of €1,450 M

Link Securities | Aena (AENA) is in negotiations with banks to refinance two credit lines for an aggregate amount of €1,450 million, with the possibility of extending the principal of the same to around €2,000 million, as reported on Monday by the newspaper Expansión, according to various market sources. The refinancing follows the appointment of Ignacio Castejón as Aena’s new chief financial officer last November. According to the sources consulted,…

Spanish economy 24th June 2023

Aena awaits bids for duty-frees at Barajas and El Prat; contracts representing +40% of minimum revenue in Spain

Intermoney| Aena expects to receive during the final days of June new bids for the operation of the duty free shops in Madrid Barajas and Barcelona El Prat airports, according to Cinco Días newspaper. This is a repetition of the process that was abandoned months ago, when duty free shops throughout Spain were put out to tender, and several lots were awarded, but not those located in the airports of…

Companies, Relevant News Item 22nd May 2023

Aena registers 77.4 M passengers between January and April, 1.9% more than in same period of 2019

Link Securities| Aena’s network airports closed 4M2023 with a total of 77.4 million passengers, 32.7% more than in the same period last year and 1.9% more than in 4M2019. A total of 695,549 aircraft movements were recorded between January and April (1.5% more than in 2019) and 336,909 tonnes of cargo were transported, which is 0.1% more than in the same period of 2019. In the month of April 2023,…

Spanish economy 10th May 2023

Aena: no bids for duty-free tenders in Madrid and Barcelona

Banco Sabadell: The airport company has not received any bids for lot 1 (Madrid Airport) or lot 4 (airports in Catalonia) in the tender for the duty-free shop leasing contracts. These two lots represent 44% of the total RMGA’24 established as a basis for the tender (this could represent a total of around €190 million per year or 4% of AENA’s total revenues; at least 1% of the capitalisation). The…

Companies, Spanish economy 15th April 2023

Aena traffic levels up 0.6% in March, exceed 2019 levels again, reaching 20.1 million passengers

Renta 4 | Aena (AENA) publishes traffic statistics for Spanish airports for March. Although passenger figures slowed slightly compared to January and February, March traffic levels again exceeded (+0.6%) 2019 levels, reaching 20.1 million passengers, thus improving expectations by nearly 10%. Domestic passengers were 4.4% above 2019 (February above +6%), while international passengers were 1.6% below 2019 levels (February flat vs 2019). The number of flights exceeded 2019 levels by…

Companies, Ibex, Spanish economy 25th December 2022

Aena launches tender for its duty free shops; €18 B revenues estimated for duration of contract

Bankinter | On Thursday, Aena called for bids for what is considered to be the most important tender for duty free shops in the world, with revenues estimated at some 18 billion euros for the contract’s 15 years duration, including the 3 year extension. The Spanish airports operator’s goals are to end Dufry’s monopoly, maximise revenues and extend what’s on offer. It estimates that this way it will more than…

Companies, Ibex, Spanish economy 30th November 2022

Spain’s CNMC freezes Aena’s airport tariffs for 2023, despite the company’s request for increases

Intermoney | The Spanish National Markets and Competition Commission (CNMC) has decided to leave tariffs unchanged for Aena’s network of airports in 2023, a move which will be made public shortly, according to Cinco Días. This contrasts with the request for a seven-tenths of a point hike made by the airports’ operator in July, but is in line once again with the opinion of the airlines. The sources cited by Cinco…

Companies, Ibex, Spanish economy 15th November 2022

With almost 24 M trips, Aena’s air traffic figures in October were down just 3% on 2019

Intermoney | Aena (Hold, T.P. 140 euros/share) announced is traffic figures for October on Friday. The company managed almost 24 million trips, 3% less than the same month in 2019. Last month, the dichotomy between the tourist airports continued. Palma (+5%) and Lanzarote (+11%)’s figures were well above pre-pandemic levels, while Barajas and El Prat airports’ figures are still on average 10% below those levels. In the year to date,…

Companies, Ibex, Spanish economy 22nd October 2022

Aena Chairman Tells Congress It Expects Profits Of “Several 100 Million” Euros

Link Securities |Yesterday in Congress, Aena chairman Maurici Lucena talked about the company’s budget. He flagged that Aena expects to generate several hundred million euros in profits which “will benefit all Spaniards”, due to the State’s 5% stake in the group, according to Expansión today. Lucena appeared in Congress to explain Aena’s budgets for 2023, although he did not provide any more details. That said, in the budget for 2022 Aena…

Companies, Ibex, Spanish economy 10th October 2022

State Budgets assume NAP of €650 M in 2023 for Aena

Bankinter | The State budgets include estimates for the results of the big state-owned companies. One of them is Aena, for which the NAP forecast is for 380 million euros in 2022 and 650 million in 2023. Bankinter analyst team’s opinion: Bad news. The estimates for 2023 are below our own for NAP of 787 million euros. It’s probably a conservative figure, but once again it shows the company’s vulnerability…

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