Flughafen Wien (FLU) Trading Update summary

Traffic and operational highlights

• Vienna Airport handled a record 31.72 million passengers in 2024, 0.2% above 2019, with group traffic at 41.4 million, up 9.1% year-on-year and 4.8% above 2019.

• Cargo volume reached a record 297,945 tonnes, up 21.6% year-on-year and 5% above 2019, driven by e-commerce and pharmaceuticals.

• Subsidiaries Malta and Košice posted record passenger growth in 2024, up 14.8% and 18.2% respectively.

• Seat load factor hit an all-time high at 80.8%, 3.5 percentage points above 2019.

• 72 airlines served 195 destinations, with 86% of travelers within Europe and notable long-haul growth to the Far East and North America.

Financial outlook and investments

• 2025 guidance projects group revenue of €1.08 billion, EBITDA of €440 million, and net profit of €230 million.

• Capital expenditures for 2025 are expected to be €300 million, including €120 million for Southern Terminal Expansion and €70 million for Malta, fully funded from internal resources.

• Dividend payout ratio expected to remain at 60%-66%.

• Flughafen Wien AG share reached an all-time high of €55.20 in 2024, with market capitalization around €4.5 billion.

• Major investments planned in Malta for terminal and airport city development, totaling EUR 340 million over five years.

Market and segment trends

• Local passenger growth at Vienna outpaced transfer passengers, with local travelers yielding higher revenue.

• Top growing markets in 2024: Italy, Spain, UK; main declines: Israel, Jordan, Saudi Arabia.

• Declines in Germany, Switzerland, France, and Netherlands compared to 2019, but growth potential remains.

• Cargo growth driven by e-commerce, especially from China, and pharmaceutical shipments; contract with Lufthansa Cargo extended.

• China traffic in 2024 was 244,000 passengers, down from 344,000 in 2019.