SPAIN/INTERNATIONAL. Spanish airports operator Aena has reported a +19.4% year-on-year rise in commercial revenues for the first quarter to reach €402.2 million.
Total sales from commercial activities exceeded those recorded in 2023 by +15.8%, and fixed and variable rent revenue invoiced and collected in the period was +12.8% higher than the same period of the previous year.
The overall commercial result is ahead of passenger growth, with Spanish airports serving 60.8 million passengers in Q1 (+13.2%). Across its full airport estate, the company’s passenger traffic (Spain, London-Luton, the airports of Northeast Brazil and the Block of Eleven Brazilian Airports) increased by +11.9% compared with the same period in 2023 to 74.6 million passengers.
Total Aena Q1 revenues reached €1.233 billion, up +20.1% on the first three months of 2023.
The company’s net profit in Q1 almost doubled to €261 million compared with €133.6 million in the same period last year.
In the first three months of 2024, Aena obtained a gross operating profit (EBITDA) of €581.1 million, with a margin of 47.1%. This figure represents growth of +57.7% compared with 2023. ✈
