ECONOMICS & FINANCE
AviAlliance and the co-shareholders of Budapest Airport have agreed to sell the airport to a consortium consisting of the Hungarian state-owned Corvinus Zrt and Vinci Airports. As all terms of the agreement have already been met, the transaction was completed. Gerhard Schroeder, managing sirector of AviAlliance, until today biggest shareholder in Budapest Airport, says: “Since […]
London Gatwick generated £5.5 billion for the UK economy and supported over 76,000 jobs in 2023 – levels close to those pre-pandemic, according to new research by leading economists Oxera. The majority of this vital economic activity took place in six local authority areas across the South East – West Sussex, East Sussex, Surrey, Kent, […]
The Fraport Group has enjoyed a successful start to the year, with all key financial indicators achieving at least double-digit growth rates in the first quarter of 2024. The main driver of this positive trend was the continued rise in passenger numbers at most of the airports across Fraport’s global network, which helped boost the […]
Following a year of strong growth, Shannon Airport is gearing up to reach the two million passenger mark by the end of 2024, the first time since 2009. According to Mary Considine, CEO of The Shannon Airport Group, growth across all key air services in 2023 surpassed expectations. “Last year saw us welcome 1.959 million […]
Global airport investor, VINCI Airports, has acquired a 50.01% stake in Edinburgh Airport in Scotland. It will now work in partnership with Global Infrastructure Partners on developing the gateway, which supports 28,000 jobs in Scotland and contributes £1.4 billion a year to the Scottish economy. Sir John Elvidge, chairman of Edinburgh Airport, said: “We are […]
Global airport operator, Fraport, today announced record highs for revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for fiscal year 2023. The key driver, it states, was a continued recovery in passenger numbers – particularly at the Fraport Group’s airports outside of Germany. Buoyed by this trend, the Group result (or net profit) […]
London’s Heathrow Airport served a record number of passengers in February as 5.8 million people passed through the UK hub last month. The busiest ever February half-term saw more than two million passengers at Heathrow. Winter sun won over the ski slopes with nearly two thirds of travellers landing somewhere warmer than London. Even before […]
Spanish airport operator, Aena, today revealed that it expects its annual passenger numbers to exceed 300 million in 2025, one year earlier than previously projected. The admission, has led it to revise its traffic forecasts and update its financial targets, with around 294 million passengers now expected to pass through its airports this year before […]
Christchurch Airport today released its half-year financial results which deliver a higher interim dividend to the New Zealand city than forecast, from a total operating revenue of NZ$115.5 million for the six months to December 31, 2023. Chair of Christchurch International Airport Limited (CIAL), Sarah Ottrey, says strong visitor numbers, coupled with the strength of […]
London’s Heathrow Airport enjoyed the third busiest year in its history, and made a profit for the first time since 2019 last year as it continued its recovery from the global pandemic. A total of 79.2 million passengers passed through its facilities in 2023, nearly 30% more than the previous year. It claims that it […]
The latest Airport Industry Outlook, released by ACI Asia-Pacific & Middle East (ACI APAC & MID), presents a positive trend in the recovery of passenger traffic and airport finances. However, macroeconomic factors continue to pose challenges to the overall recovery of the sector. The Airport Industry Outlook, developed in partnership with Mott MacDonald, reveals the […]
TAV Airports’ full-year financial and operational results for 2023 show that it handled 96 million passengers (+22%) across its gateways last year and saw its revenues soar by 25% to €1.3 billion. Forecasting 100 to 110 million passengers in 2024, the company revised its 2022-2025 compound growth expectations upwards. TAV Airports CEO, Serkan Kaptan, stated: […]
