Positive Financial Results for the Year 2018

2018 was another positive year for Athens International Airport (AIA), since traffic reached 24.14 million passengers, exceeding prior year levels by 2.4 million passengers, an increase of 11%. This outcome was mainly driven by a strong growth of the international market with an increase of 2 million passengers or 13.8%, while the domestic market also presented a healthy rise of 5.6% or 0.4 million passengers.

The year 2018 was marked by the developments on the 20-year extension of the airport’s concession term. The concession extension, after receiving the approvals from the competent national and European authorities, finally became effective on 19 February 2019, following its ratification by the Hellenic Parliament. The concession consideration was paid to the Hellenic Republic Asset Development Fund (HRADF) on 22 February 2019, three business days after the effectiveness of the concession extension, in line with the contractual time provisions. This historic achievement concludes a very lengthy and challenging process, opening at the same time a new horizon and development potential for the Airport Company.

The Year 2018 was successful also in terms of financial performance. Growth in operating performance due to traffic development was essentially reflected in the Company’s profits, since the cost base on a per passenger basis was maintained at low levels. In 2018, AIA recorded Profit before Tax (PBT) of €239.7 million, higher by 19.9% as compared to the previous financial year.