Athens International Airport reports 15.7pc rise in profit on record passenger numbers, BA

Athens International Airport (AIA) reported a 15.7 per cent rise in its full-year adjusted core profit on Monday, boosted by record levels of traffic that reached 31.9 million passengers. Traffic surged 13.1 per cent from 2023 levels, with double-digit growth in most months, far exceeding historical long-term averages, AIA said.

“Based on the strong traffic performance, we have decided to accelerate the expansion of our facilities,” Chief Executive Yiannis Paraschis said in a statement, adding that the airport aims to deliver capacity to serve 40 million passengers per year by 2032.

Greece set a new record by collecting 21.7 billion euros in revenues from tourism last year, breaking the previous record of 20.6 billion euros in 2023, data from the country’s central bank, the Bank of Greece, showed.

Tourism is a key economic driver for Greece as it accounts for more than a quarter of its economic output. For 2025, the airport sees passenger traffic growth at mid-single digits and a single-digit growth in the long term.

Greece’s busiest airport’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came in at 424.8 million euros (USD 445.28 million) for the twelve months ended December 31, up from 367.2 million reported in 2023.

It also said it will propose the distribution of 100 per cent of net profit of FY 2024, corresponding to a gross dividend of around 0.78 euros per share.