Aena, Spain's airport operator, has increased its 2026 passenger growth forecast from 1.3% to 3%, anticipating 326 million travelers. This adjustment follows a 3.7% rise in passenger numbers up to June, totaling 156.2 million. The company attributes this surge to Spain's status as a safe tourist destination, especially amid geopolitical tensions in the Middle East. However, Aena views this uptick as temporary, noting a decrease in flight occupancy rates.
In the first half of 2026, Aena reported a net profit of €1.002 billion, a 12.1% increase from the previous year. Revenue reached €3.299 billion, up 10.1%, with EBITDA at €1.789 billion. Commercial and international sectors performed strongly, and revenue per passenger rose by 4.1% to €17.6. Investments amounted to €916.3 million, including acquisitions in the UK and Brazil. Operational expenses increased by 13.4%, driven by higher maintenance, security, and staffing costs. Net debt rose to €6.724 billion, though cash flow remained robust at €1.598 billion.
The airline industry is closely monitoring Aena's updated forecasts, as they influence airport fees. Aena's initial 1.3% growth estimate was considered conservative by the Spanish Airline Association (ALA), which anticipates over 334 million passengers this year. The debate centers on Aena's cautious approach due to geopolitical uncertainties versus the industry's optimism based on strong demand.
Looking ahead, Aena is developing its investment plan for 2027-2031 to accommodate increasing demand. The company aims to achieve net-zero emissions by 2030, a decade ahead of its previous target. These initiatives underscore Spain's growing role as a major tourism hub and Aena's commitment to infrastructure and sustainability.