Athens International Airport (AIA) Corporate presentation summary

Key highlights and operational performance

• Passenger traffic reached a record 34.0 million in 2025, up 6.7% from 2024 and 32.9% above 2019 levels, with international traffic as the main growth driver at +8.6%.

• Airport ranked 2nd most connected mega airport in Europe and 1st in traffic rebound since 2019 among peers.

• Well-diversified passenger base, with 70% international travelers and 86% leisure traffic, and limited exposure to business travel.

• 164 destinations in 55 countries served by 70 carriers, exceeding pre-pandemic route levels.

• 40% share of total Greek aviation traffic in 2025.

Business developments and achievements

• Added 8 new destinations for home-based carriers and 11 new network developments from visiting airlines, including major long-haul routes.

• Received top industry awards, including 1st place at Routes World 2025 and ACI Europe Best Airport Award (25-40 million passengers category).

• Launched a Scrip Dividend Program with 89.22% shareholder participation, raising €84.75m for Air Activities Capital.

• Temporary 30% reduction in Passenger Terminal Fee from Oct 2025 to Apr 2026 to incentivize off-peak growth.

• CEO succession announced, with George Kallimasias to succeed Yiannis Paraschis in February 2026.

Strategy update and expansion program

• Accelerated airport expansion to deliver 40 million passenger capacity by 2032, five years ahead of original plan.

• Capex program of €1.28bn (2024 prices) with phased delivery and earlier commercial space expansion.

• Scrip Dividend Program (2025-2028) to fund expansion, with up to €240m capital increase.

• Enhanced shareholder value through earlier delivery of commercial space and increased non-air revenue potential.