Airports

Aena reports Q1 turnaround compared to 2022

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Aena reports Q1 turnaround compared to 2022

Aena made €133.6 million in the first quarter of 2023 and saw commercial sales improve by more than 12% on pre-pandemic levels. In the same period in 2022, the Spanish airport operating business recorded losses of €41.7 million

Passengers across the Aena Group (Spain, Luton and airports in Northeast Brazil recovered to 100% of pre-pandemic levels,  pushing consolidated revenue up by 34.3% to €1.02bn, with EBITDA climbing to €368.6 million from €145.6 million in the same period of 2022.

Revenue from fixed and variable rents invoiced and collected in the period surpassed 2019 figures by almost 16%

Cash generation has been strong, Aena reported, with et cash generated by operating activities reaching €504.8 million compared to €343.1 million in the first quarter of 2022

Electricity expenditure across the network in Spain was down, to €34.2 million, or 44.6% less than in the first quarter of 2022.

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