Intermoney | Aena (Buy, PO €215) has announced its 9m 24 results, and will hold a conference call today at 1pm. The figures, along with our estimates, are shown in the attached table. Based on September traffic levels that were well above pre-pandemic records (107% in Spain), Aena generated 9m EBITDA of €2,663m, or 125% of the 2019 figure, slightly above IMVe (€2,646m). We confirm our estimates, which we clearly...

Intermoney | Aena (Buy, PO €205) announced on Monday its monthly traffic data for September. During last month the number of passengers in Spain rose year-on-year by 8% to 29.6 million. Both Barajas and El Prat grew by close to 10%, a figure that was not out of line with the rest of the relevant airports, outperforming for example Palma (up 5%) and Ibiza (0%). The national total in September...

Aena, together with two local partners, has presented the project to expand Cali airport (Colombia), which would involve an investment of €500 million. The Spanish operator is currently the concessionaire of this infrastructure, although the Colombian government is expected to put the airport out to tender next year. Aena thus opts to continue as operator, while maintaining its 50% stake and consolidating the concession by the equity method. The project...

Intermoney | The company (Buy, PO €205) announced yesterday with the market open the traffic figures for the past month of August. In that watertight period, Aena handled 32.1 million passengers, implying an increase of 7% year-on-year, or 9% compared to pre-pandemic levels. By airports, Madrid-Barajas grew by 5%, while Barcelona El Prat remained virtually stable compared to August 2023. In general, the tourist airports recorded increases of between 5...

CdM | Aena’s airports in Spain registered more than 31.9 million passengers in July, which is an all-time record for the month. The figure is 7.2% higher than in July last year, according to data provided by the company. Specifically, the seventh month of 2024 closed with 31,900,662 passengers in the airports of the Aena network in our country. Of these, 31,828,032 were commercial passengers: 22,241,650 travelled on international flights,...

Bankinter | A British court has placed a precautionary embargo on the airport operator’s right of usufruct over Luton Airport (London). The decision affects 26.01% of Luton’s shares, where Aena has a total stake of 51%. It therefore affects the Spanish government’s indirect shareholding in the British airport. It is the consequence of an award condemning Spain for the cut in premiums for renewable energies. Specifically, the energy company NextEra...