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03. Market Overview

Key Developments 2009 restructuring of Olympic’s network on the basis of the EU-
dictated downsizing, dropped by 5.1%, with 10.1 million
In a year that was described by IATA as the worst ever for passengers (see Chart 3.1).
the airline industry, Athens International Airport achieved
a satisfactory end-year result outperforming most of its Chart 3.1
European counterparts, with the number of flights recording Passenger Traffic Development 2008–2009
a significant growth (210,000 flights, +5.4%), and passenger
traffic witnessing a marginal loss (16.2 million passengers, 18,000,000 -1.5%
-1.5%). Results were mostly driven by the strong dynamics
of the domestic market -which recorded an all-time best-, 16,000,000 08 09
while international traffic was largely affected by the
adverse global financial situation. 14,000,000 Total

Analytically, in terms of passenger traffic, AIA presented 12,000,000 -5.1%
an annual slight traffic decline of only 1.5% (significantly
more limited than the major European airports average: 10,000,000 08 09
-5.9%). These results were mostly driven by the favourable
evolution of the domestic market, which, with 6.1 million 8,000,000 +5.2% International
passengers (+5.2%) in 2009, recorded a historical record, 6,000,000
mainly due to the strong dynamics of the domestic carriers,
registering an increase both in flights and capacity. On the 4,000,000
contrary, the international sector, largely affected by the
global economic conditions as well as by the significant 2,000,000 08 09
0
Domestic
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