Positive Financial Results for the Year 2019

2019 was another positive year for Athens International Airport (AIA), since traffic surpassed the previous historical records, reaching 25.57 million passengers, and exceeding prior year levels by 1.4 million passengers, an increase of 6%. This outcome was mainly driven by a strong growth of the international market with an increase of 1.4 million passengers or +8.6%, while the domestic market retained prior-year levels (+0,3%), in line with the domestic services’ capacity evolution.

The year 2019 was a successful year also in terms of financial performance.Growth in traffic and operating performance managed to offset changes in the revenue and cost structure, following the effectiveness of the Concession Extension Agreement (price reduction for Aircraft Landing and Parking charges, change in cost structure). In 2019, AIA recorded Profit After Tax (PAT) of €174.4 million.

In February 2019, the 20-year Concession Extension Agreement (2026-2046) was successfully concluded, following its ratification by the Hellenic Parliament, enabling the Airport Company to develop its strategic, business and investment plans for the new extended period, creating value to all stakeholders and society at large.

Following a year of historic developments, 2020 poses significant challenges raised by the Covid-19 pandemic. The unprecedented situation, with lockdowns, travel bans, and closure of commercial activities, has already had a severe impact on the traffic and on the financial performance of the Airport Company during the second quarter of the current year. During this period, the Airport Company took all necessary measures, in close cooperation with public health authorities, to ensure operational and business continuity. As travel restrictions are being gradually lifted, the Airport Company is monitoring ongoing developments and adapts its course of action accordingly.