ECONOMICS & FINANCE
Copenhagen Airport recorded a profit before tax of DKK167 million in a busy second quarter to reverse its loss before tax from the winter months. As a result, the Danish airport posted an overall profit before tax for the first half year of DKK108 million, during which time it handled 12.4 million passengers – 31% […]
VINCI Airports today finalised the financial arrangements for the acquisition of seven airports in Cabo Verde, completing the concession agreement signed with the government a year ago. VINCI Airports secured €60 million in financing, maturing over 20 years, from three development banks: World Bank-IFC, Proparco (France) and DEG (Germany). This financing is certified under the […]
Aena has awarded its electricity supply contract to Endesa Energía SAU and Iberdrola Clientes SAU as it steps up its bid to develop solar power installations across its entire airport network. It states that the purpose of the new deals is to carry out the procedures related to the purchase of energy with 100% renewable […]
Spanish airport operator, Aena, has signed a sustainable syndicated credit line (sustainability-linked RCF) for €2 billion, which it says proves its commitment to the environment, social responsibility and good corporate governance. The financing has been granted by 14 national and international financial institutions and has been led by Banco Santander as Arranger and Sustainable Agent. […]
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 […]
