ECONOMICS & FINANCE
Munich Airport and its subsidiaries enjoyed a successful 2024, recording a net profit of €64 million – more than double the previous year. Boosted by the strong growth in passenger numbers and flight movements, group revenue rose to a new record of more than €1.6 billion. At €195 million, operating earnings before interest and taxes […]
ACI EUROPE today responded to the European Commission consultation on the revision of Aviation State aid Guidelines on behalf of the European airport community, reiterating that operating aid to Europe’s regional airports must be extended to safeguard vital air connectivity. The European Commission has previously acknowledged the importance of State aid in ensuring fair competition […]
TAV Airports increased its revenue by 27% to €1.7 billion in 2024 against the backdrop of strong growth in passenger traffic across its airport portfolio. Forecasting 110 to 120 million passengers in 2025, the company is set to complete its three-year historic investment programme with upcoming openings in Antalya and Ankara. TAV Airports CEO, Serkan […]
The latest edition of the Air Transport Action Group’s Aviation: Benefits Beyond Borders report provides an in-depth look at the economic and social contributions of the global aviation sector and how it connects a globalised world. The report was presented at yesterday’s ICAO event in Chicago to celebrate the 80th anniversary of the signing of […]
Halifax Stanfield International Airport’s pivotal role in Nova Scotia’s economy is underscored in a new report revealing that the airport generated over C$4.2 billion in economic impact in 2023, a 24% increase from 2022. The latest figures cement its status as a key driver of local and regional employment, tourism, trade, and prosperity. “These impressive […]
Western Sydney International (Nancy-Bird Walton) Airport (WSI) and Western Sydney University have combined forces “to drive education, training and job opportunities” ahead of the airport’s late 2026 opening. The pair today signed a Memorandum of Understanding (MoU) that will see the organisations partner in a range of ways to “drive positive outcomes for communities” in […]
Touch downs at Auckland Airport are driving up New Zealand’s economic fortunes with new aviation infrastructure set to bring tens of billions of dollars more benefit, according to an economic analysis by consultants EY. The airport’s chief customer officer, Scott Tasker, said the investment underway at Auckland Airport will be a key enabler of future […]
Global airport operator Fraport AG with interests in airport across Europe, Asia and South America is selling its 10% stake in Delhi’s Indira’s Gandhi International Airport (DEL). Under the agreement signed today (September 9), Fraport is selling its entire stake in DEL operator, Delhi International Airport Limited (DIAL), to its majority owner, GMR Airports Infrastructure […]
The Shannon Airport Group, which owns and operates Shannon Airport and a significant property portfolio at its Shannon Campus, is today celebrating the 10th anniversary. A decade on, Shannon Airport is on track to handle over two million passengers for the first time since 2009, while over €178 million has been invested across the airport […]
Airport operator, Fraport, enjoyed an impressive first six months of the year, enjoying a 13% rise in revenues and a 7.2% upturn in passenger numbers across it global network. Its half-year figures, released today, show that it handled 74.1 million travellers across its actively-managed aviation gateways during the first half of 2024 (ending June 30). […]
Cork Airport contributed just over €1 billion to the Irish economy and supported more than 12,650 job in 2023, new analysis of the airport’s economic impact has revealed. Launched today by Minister of State for Transport, James Lawless TD, Ireland’s EU commissioner designate, Michael McGrath TD, and Tourism Ireland’s chief executive, Alice Mansergh, the analysis […]
Miami International Airport (MIA) has started 2024 with its fastest pace ever for passenger growth, serving 1.5 million more travellers in the first quarter than its previous record set in the same period last year. In the first three months of 2024, MIA welcomed 14.9 million passengers, which was a significant 11.6% increase from 13.3 […]
