After the resounding blow caused by the Corona virus to air traffic, Aina expects to restore pre-crisis results between 2024 and 2025. Profits will come before that, as the airport manager plans to pay back 80% of his profits to shareholders already in 2023.
This is included in the company’s 2022-2026 Strategic Plan, which was approved by the Board of Directors on Oct. 25 and sent this Wednesday to the National Commission on the Stock Exchange (CNMV). According to Aina, the next cash dividend “will mean an increase of €1.37/share charged to 2022 net profit.”
The company hopes to close fiscal 2022 with 87% of pre-crisis traffic. It will be in 2024 when it will exceed 275 million passengers It was acquired in 2019. By 2026, he is confident that this number will continue to grow, reaching 300 million passengers.
Aena has improved its forecast, predicting in March last year that it will exceed pre-crisis levels between 2024 and 2025. “Since the start of the summer season, the total sales of our commercial lines have already exceeded those of 2019,” the public company said.
Total profit will also return to pre-crisis levels in 2024. Between January and September, according to the latest results submitted to CNMV, Aena has already made a profit of 500 million. Profits in the whole of 2019 amounted to 1,442 million euros.
In terms of calculation, depreciation and amortization, this will return to pre-crisis levels between 2024 and 2025. In terms of investment in Spain, this will amount to 2916 million euros between 2022 and 2026. It represents an average of 583 million, and it will focus on the land
total investment in Spain In the period from 2022 to 2026 it will amount to 2,916 million euros, representing an annual average of 583 million euros, with a special focus on the cities of Madrid-Barajas, Barcelona-El Prat or Valencia airports.
Aena will continue to bet on internationalization after investing in Luton (UK) and several airports in Brazil, with selective purchases abroad to achieve the goal of international activity accounting for 3.5% of Ebitda in 2019 to 15% in 2026. “All these commitments are “At the very least, if good forecasts are confirmed, all estimates will be honestly reviewed,” company president Morrissey Lucena said in his presentation to analysts on Wednesday.
Lucena claimed at the press conference after presenting the strategic plan to “protect” the Barajas hub with Latin America in the merger between Iberia and Air Europa because “there is always a risk, if you don’t do things well, that both companies and airports lose their foothold in this ‘hub’ because There are many other countries and many other airports that would like to have the connection that we have with Latin America.”