The airport’s net profit fell by almost 28% to 18.9 million euros against 26.2 million euros a year earlier. The main blow came from aviation revenue: it fell by 9.6% to 82.9 million euros.
According to investing.com, the reason is a temporary 30% discount on passenger fees, which was in effect from October 2025 to April 2026. The company explains that the measure was necessary to keep profitability within the limits set by the regulator.
At the same time, the airport itself continued to operate at high turnover. In the first three months of the year, 6.3 million passengers passed through the terminals – 8.1% more than a year ago. January and February showed particularly strong growth, but already in spring the pace began to slow down sharply.
While in February passenger traffic grew by more than 13%, in April the increase amounted to only 1%. The airport attributes the cooling of demand to the tense situation in the Middle East.
Additional pressure came from rising costs. Operating costs rose to 58.8 million euros, driven by inflation, rising salaries, increased passenger traffic and higher maintenance costs.
Even against the backdrop of falling profits, the operator continues to invest heavily in infrastructure development. The airport is already building a new multi-level parking lot and expanding the northwest apron. The projects are planned to be completed in 2027.
In addition, the company has completed an equity dividend program, raising €83.25 million in new capital. The funds will be used to develop the aviation business, the source reports.
Despite the unstable geopolitical situation, the operator maintains its forecast for 2026 and expects further growth in passenger traffic, but at a more moderate pace.
