Athens International Airport reports a 15.7 pc rise in profit

Athens International Airport reported a 15.7 per cent increase in full-year adjusted core profit, driven by record passenger numbers. With 31.9 million passengers, the airport plans to expand its capacity to serve 40 million annually by 2032. Greece's tourism revenue hit a new high at 21.7 billion euros. The airport predicts mid-single-digit growth in 2025 passenger traffic.

Athens International Airport reported a 15.7 per cent rise in its full-year adjusted core profit on Monday, boosted by record-high traffic that reached 31.9 million passengers. AIA said that traffic surged 13.1 per cent from 2023 levels, with double-digit growth in most months far exceeding historical long-term averages.

"Based on the strong traffic performance, we have decided to accelerate the expansion of our facilities," Chief Executive Yiannis said in a statement, adding that the airport aims to deliver the capacity to serve 40 million passengers per year by 2032.

Greece set a new record by collecting 21.7 billion euros in revenues from tourism last year, breaking the previous record of 20.6 billion euros set in 2023, according to data from the country's central bank, the Bank of Greece. Tourism is a key economic driver for Greece, accounting for more than a quarter of its economic output. For 2025, the airport will see passenger traffic growth at mid-single digits and single-digit growth in the long term. Greece's busiest airport's adjusted earnings before interest, tax, depreciation and amortization came in at 424.8 million euros for the twelve months ended December 31, up from 367.2 million reported in 2023. It also said it would propose the distribution of 100 per cent of the net profit of FY 2024, which would correspond to a gross dividend of around 0.78 euros per share.

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Athens International Airport Reports A 15.7 Pc Rise In Profit

News Source : Economic Times