SPAIN. Airports group Aena today reported nine-month results, with commercial revenue climbing by +7.4% year-on-year to €1,574.1 million. This outstripped the +4.1% rise in passenger traffic across the group to 309.9 million, and +4.1% at Spain’s airports, with the figure reaching 257.2 million.
Gross sales from commercial activities rose +5.7% year-on-year, with business revenue (the sum of fixed and variable rent invoiced and Minimum Annual Guaranteed (MAG) rents to be invoiced) grew by +9.2% compared to the same period in the previous year. Sales per passenger posted a +1.5% increase year-on-year.
Total consolidated revenue for the first nine months of 2026 rose +10.4% year-on-year to €5,283.9 million.
Net profit for the first nine months stood at €1,774.7 million, a rise of +12.4% year-on-year.
Aena noted a sharp rise in MAG payments following a flurry of contract awards in the past year.
In F&B, MAG due from contracts awarded in the first nine months of 2026 represent a +11% increase in 2027 compared to 2025 figures, and will climb +32% in 2028 compared to 2025. Among speciality shops, MAG from contracts awarded in the first nine months of 2026 represents an increase compared of +80% in 2027 and +82% in 2028 to the 2025 MAG.
In September, the Council of Ministers approved the 2027–2031 Airport Regulation Document (DORA III), which set out €12,888 million in investments that Aena will make across its network in that period.
This includes €9,991 million in regulated investment directly linked to the aviation sector, plus €2,897 million in unregulated investment linked to commercial activities.
On 6 October, Aena completed the acquisition of 100% of the shares in the concession company at Rio de Janeiro–Galeão International Airport. ✈
