Athens International Airport (AIA) Q3 2024 TU earnings summary

Executive summary

• Total revenues and other income rose 9.8% year-over-year to €509.0 million, driven by a 13.3% increase in passenger traffic and robust commercial activity.

• Adjusted EBITDA increased 16.9% to €339.9 million, reflecting strong revenue growth, operational efficiencies, and a high margin of 66.8%.

• Net profit grew 3.4% to €195.1 million compared to the same period last year.

Financial highlights

• Passenger traffic reached 24.6 million, up 13.3% year-over-year, with international passengers up 16.0% and domestic up 7.3%.

• Air activities revenue increased 8.5% to €387.7 million; non-air activities revenue rose 14.2% to €121.3 million.

• Operating expenses increased 11.5% to €157.8 million, mainly due to higher variable Grant of Rights Fee and increased staffing costs.

• EBITDA reached €351.2 million, up 9.0% year-over-year.

• Profit before tax was €252.2 million, up €15.9 million from the prior year.

Segment performance

• Air activities contributed 76.2% of total revenues, with growth driven by aeronautical charges and ADF income.

• Non-air activities accounted for 23.8% of total revenues, with strong performance in retail concessions and car parking.