Spanish airport operator Aena‘s first-half internet revenue greater than doubled as passenger traffic returned to pre-pandemic ranges and its revenues from retail gross sales rose.
The corporate stated on July 26 it made a internet revenue of 608 million euros (USD 673 million) in contrast with 277 million euros in the identical interval final yr.
Some 144 million passengers handed by way of its terminals within the first six months of 2023, 5% greater than in the identical interval in 2019, earlier than the pandemic ravaged the journey business in 2020.
Complete industrial revenues reached 715.3 million euros, 29% greater than within the first half of 2022, it added.
Ryanair, which flew a file variety of month-to-month passengers each in Might and June, stated demand appeared sturdy for the remainder of the summer time with fares anticipated to continue to grow however at a slower low double digit proportion charge from July to September. CEO Michael O’Leary stated the low price service would doubtless need to stimulate demand by way of decrease costs this winter when it’ll have 25% extra seats to fill than in 2019.
Aena renewed its duty-free store contracts in any respect of Spain‘s airports within the interval. The offers are set to extend retail revenues by 16.3% for the total yr, it stated. On July 25, the corporate confirmed that Swiss duty-free retailer Dufry had received the contract to proceed working retailers at Spain’s greatest airports in Madrid and Barcelona. The retailers account for 44% of the Spanish airport operator’s complete industrial income.
Within the first six months of 2023, gross sales at duty-free retailers had been 13.5% larger than in 2019, as passenger numbers recovered.
The airport operator, not like its friends, retained workers in the course of the pandemic, which ought to enable it to completely profit from the surge in client demand for journey this yr.
Airport operator Aena’s board of administrators determined earlier this week to extend its per-passenger fees by 4% from March 2024 to cowl larger prices as a result of inflation and electrical energy costs.
