Positive Financial Results for the Year 2016

The Year 2016 proved to be another milestone year, since passenger traffic recorded an all-time high performance and enjoyed a strong rise, surpassing the 20 million mark, with both domestic and international sectors achieving record levels. This result is attributed to the increased capacity in the airport’s international route network, combined with strong air travel demand. Consequently, the airport’s passenger traffic reached 20.02 million passengers, exceeding prior-year levels by 1.9 million passengers, corresponding to a remarkable increase of 10.7%.

The Year 2016 was successful also in terms of financial performance. Growth in operating performance managed to offset changes in the cost structure deriving mainly from existing provisions in the Airport Development Agreement (basically the Grant of Right Fee and indirect taxes). Overall, in 2016 AIA recorded Profit before Tax (PBT) of € 189.1 million. Given the additional short term financial obligations arising for the Airport Company in connection with the concession extension, a distribution of € 40.5 million as dividend to its shareholders has been approved by the Annual General Meeting of the Shareholders.