Global airport operator, Fraport, today revealed that it has “successfully started the new 2023 business year, achieving a noticeable improvement in the Group’s key financial figures during the first quarter of 2022. The positive performance, it says, was driven by ongoing traffic recovery across Fraport’s global network of airports. As a result, Group revenue increased […]
The daa Group, operator of Dublin and Cork Airports, duty free firm Aer Rianta International (ARI), and international investment partner, daa International (daaI), recorded a profit before exceptional items of €98 million in 2022. The total compared to a loss of €101 million in the previous year and follows cumulative daa group losses during COVID-19 […]
The Shannon Airport Group has welcomed the allocation of €4.623,486 million in government funding to Shannon Airport announced today by Jack Chambers TD, Minister of State at the Department of Transport. Almost €17 million in exchequer funding for regional airports was announced by Minister Chambers at a media event held at Shannon Airport this morning. […]
ACI World has today published its 2023 edition of the Airport Economics Report and Key Performance Indicators (KPIs), presenting a comprehensive view of the airport industry’s financial performance for the 2021 year. The annual Airport Economics Report presents an in-depth global analysis of airport industry revenues by source, costs, and related trends across the globe […]
Finnish airport operator, Finavia, today confirmed that its revenues grew substantially in 2022 and the operating margin turned positive. Nevertheless, the result for the financial year was negative due to the low passenger volumes at the regional airports and the low level of transfer travel at Helsinki Airport. The traffic decline at Helsinki Airport meant […]
Shannon Airport’s strong recovery in 2022 exceeded expectations, according to Shanon Airport Group CEO, Mary Considine. The Irish airport welcomed over 1.51 million passengers to the airport in 2022, a 300% increase on 2021 figures, and an 88% recovery of 2019 passenger levels. “The accelerated pace of the rebound in air travel from Shannon has […]
Lima Airport Partners (LAP) has signed a $1.25 million financing agreement to help fund the ongoing upgrade of Peru’s Jorge Chávez International Airport (LIM). The financing for the ongoing development of the Peruvian gateway is being provided by seven banks – BBVA, IDB Invest, KfW IPEX Bank, Mitsubishi UFJ Financial Group (MUFG), The Bank of […]
TAV Airports is set to operate Ankara’s Esenboğa Airport until at least 2050 after its €475 million plus VAT bid to extend its current concession by another 25 years was accepted by Turkey’s State Airports Authority (DHMİ). The decision, which is pending official approval, means that the global airport operator no longer faces having to […]
The slot machine concessionaire at Las Vegas’ Harry Reid International Airport, formerly know as McCarran Airport, is celebrating generating more than one billion dollars in revenue at the US gateway. Michael Gaughan’s Airport Slot Concession, Inc. has been operating at the Nevada gateway for 36 years and has generated the revenue over the lifetime of […]
Global airport operator, Corporación América Airports (CAAP), is set to enter the African market for the first time after its consortium was named as the preferred bidder to operate Abuja and Kano airports and their respective cargo terminals in Nigeria. CAAP holds a controlling 51% stake in the consortium alongside partners Mota-Engil, Engenharia e Construção […]
The FAA has awarded more than $31 million in grants to expand cargo infrastructure at nine airports across the United States. According to the FAA, each project will help expedite the movement of goods throughout the country. “Every day, we rely on goods transported through our nation’s airports,” said US Transportation Secretary, Pete Buttigieg. “This […]
Heathrow today invited the SME community to reconnect with its multi-billion-pound supply chain, which it insists can be a part of the airport’s continued recovery, contributing to the local community’s growth and “global Britain’s prosperity”. The call comes as the airport announced the relaunch of its annual Business Summit. It has been three years since […]
