ECONOMICS & FINANCE
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 […]
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 […]
