Aena Reports €1.93 Billion Net Profit in 2024, an 18.6% Increase
The airport operator ends the year with an 8.5% traffic growth and will propose a dividend of 9.76 euros per share.
Aena recorded a net profit of €1.93 billion in 2024, marking an 18.6% growth compared to €1.63 billion in 2023. This result was driven by an 8.5% increase in passenger traffic, reaching 369.5 million across all airports operated by the company, including those in Spain, London Luton, and Brazil.
At Spanish airports, passenger traffic grew by 9.2%, reaching 309.3 million, setting a new record for the second consecutive year. Aena projects that in 2025, Spanish airport traffic will increase by 3.4%, reaching 320 million passengers.
Passenger Distribution in 2024
- 309.3 million – Spanish airports
- 27.4 million – Block Eleven Airports (Brazil)
- 16.7 million – London Luton Airport
- 15.9 million – Northeast Brazil Airport Group
Financial Performance
Aena reported an EBITDA of €3.51 billion in 2024, with a 60.2% margin, reflecting a 16.1% increase from 2023.
Total group revenue reached €5.83 billion, a 13.3% rise compared to the previous year:
- €3.19 billion from aeronautical revenue (+11.6%)
- €1.78 billion from commercial revenue (+14.7%)
Revenue from real estate services grew by 11%, driven by a 13.7% increase in air cargo, which now represents 46% of this business segment.
Aena also reduced its net financial debt from €6.22 billion in 2023 to €5.5 billion in 2024, lowering its debt-to-EBITDA ratio to 1.57x, compared to 2.06x the previous year.
Dividend Proposal and Stock Split
Aena announced plans to propose a dividend of €9.76 per share at its upcoming General Shareholders' Meeting on April 9, exceeding last year’s €7.66 per share.
Additionally, the company will propose a 10-for-1 stock split to align its share price with other Ibex 35 companies. Aena noted that its share price is currently the highest on the Spanish index, having appreciated 270% since its IPO in 2015.
During the meeting, shareholders will also vote on the reelection of Javier Marín, Jaime Terceiro, Amancio López, and Juan Río, as well as the appointment of Ramon Tremosa as a new board member.
Sustainability Initiatives
Aena confirmed that in 2024, it approved its emissions reduction targets under the Science Based Targets Initiative (SBTi).
For the second consecutive year, the company was included in the Dow Jones Sustainability World Index and FTSE4Good, recognizing its advancements in sustainability.
Aena was also listed in "Europe’s Climate Leaders 2024," a ranking by the Financial Times and Statista that highlights 500 European companies leading in carbon emissions reduction and climate commitment.
New Corporate Headquarters at Madrid-Barajas
Aena awarded Batlle i Roig Asociados the architecture and engineering services contract for its new corporate headquarters, to be located in the Adolfo Suárez Madrid-Barajas Airport City, west of Terminal 4.
The company stated that owning its headquarters would be more financially sustainable in the long term compared to renting. The new location aims to boost the Airport City’s development, attracting companies requiring proximity to the airport and fostering new business activities in the area.
Outlook for 2025
With the summer 2025 schedule finalized, Aena expects passenger traffic at Spanish airports to grow by 3.4%, reaching 320 million passengers.
The company reaffirmed its commitment to expansion and consolidating its position as the world’s largest airport operator in terms of passenger volume and market capitalization.
AUTOR
Contando la aviación desde marzo del año 2000. Fundador y Managing Editor de Aviacionline.
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