ECONOMICS & FINANCE
Global airport operator, Fraport, believes that it has made “a cautious start” to its 2025 fiscal year. After adjustments for revenues from construction and expansion measures, revenue across the Group rose by 6.3% year-on-year to €811.3 million. Its EBITDA (earnings before interest, taxes, depreciation, and amortization) reached €177.5 million, however, this represented a decline of […]
Today at its annual public meeting, Halifax International Airport Authority (HIAA) celebrated its “incredible growth in 2024” and recognised its positive economic impact on Atlantic Canada and beyond. “In 2024, our team wholeheartedly embraced our vision – people and partners creating Canada’s best gateway airport – by driving initiatives that strengthen our commitment to excellence, […]
ACI World has released its latest airport industry economic and financial performance data, revealing a significant gap between the recovery of passenger traffic and total airport revenues. It says that while passenger traffic nearly returned to pre-pandemic levels in 2023 – just 5.4% below 2019 – airport revenues lagged further behind, falling short by 11.4%. […]
Airports in the Asia-Pacific and Middle East regions are poised to undergo extensive development, with combined investments of $240 billion dedicated to both upgrading existing facilities (brownfield projects) and building new airports (greenfield projects) between 2025 and 2035. This capital expenditure, revealed today by Airports Council International Asia-Pacific & Middle East (ACI APAC & MID), […]
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 […]
