Aena announces first profits since first quarter of 2020
Spain’s global airport operator, Aena, has announced that it made a net profit of €163.8 million in the first half of 2022 – nearly a 150% rise on its results for the corresponding period a year ago when it reported a huge €346.4 million loss.
The turnaround in its fortunes means that Aena is in profit for the first quarter of 2020, when it earned €23.1 million.
Its Spanish airports handled 105 million passengers in the first six months of 2022, which is equivalent to 82% of the traffic in the first half of 2019, before the pandemic.
And according to Aena, “the increase is widespread across all airports and in all types of traffic; domestic traffic rose by 142.6% while international traffic increased by 469%”.
If the data from London Luton Airport and the six airports of Aeroportos do Nordeste do Brasil (ANB) are accounted for, the total number of passengers amounts to 117.3 million, 257.3% more than in the same period of 2021, which equates to a recovery of 81.8% of the traffic in 2019.
London Luton Airport recorded a rise of 558%, which represents 65.7% of the traffic in the first half of 2019, while Aeroportos do Nordeste do Brasil showed an increase of 38.1%, equivalent to 98% of the traffic in 2019.
At a meeting held earlier this week, Aena’s Board of Directors approved the proposed charges applicable as of March 1, 2023, setting the adjusted annual maximum revenue per passenger (IMAAJ) for 2023 at €10.01 per passenger, which is a variation of 0.69% compared to the IMAAJ of 2022 (€9.95 per passenger).
It notes that despite the tough operating environment, it intends investing €535 million across its Spanish airport network this year, of which €180.6 million had already been spent.
The company has cash and credit facilities totalling €2,421.4 million as of 30 June 2022. In addition, up to €900 million can be issued under the Euro Commercial Paper (ECP) programme, of which no amount has been issued.