How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- USD weekly currency update - 27 March 2015
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
37 of AENA's 47 Airports lost money in 2011
Spanish daily newspaper Expansion has reported how, despite have it's 2nd best year on record for passsenger numbers in 2011, just 1 in 5 of AENA's network of airports is profitable.
Whilst seeing a 6% growth in numbers on 2010 to reach 204 million passengers, the company still managed to return a loss of 200 million euros in 2011.
Of the 47 airports in the entire network, only ten managed to avoid operating at a loss, which coincided with being busier airports popular with tourists : Alicante; Bilbao; Fuerteventura; Ibiza; Lanzarote; Gran Canaria; Palma de Mallorca; Tenerife; Seville and Valencia.
Of these ten, just five managed to operate at profit, the remaining 37 continuing to lose money.
The biggest loss-making airports in the network for 2011 were : Barajas-El Prat (22 million) and Malaga (20.6 million), which is largely due to the high level of debt that they hold and need to make repayments on as opposed to any reflection on passenger number flying to the airport.
However there is a little hope for improvement as the overall earnings before Interest, taxes and deductions (EBITDA) for the airports grew by 50% to reach 856 million euros, with 19 of the 47 airports having a positive EBITDA.
Latest News & Stories
- Saloufest 2015 underway
- Murcia's San Javier Airport not to close imminently
- Spanish train maker Talgo eyeing share listing in May
- 23 'Decontaminated' in Madrid terror alert
- Spain Pilots unions claims '2 person rule' ineffictive
- Happy 4th Birthday Castellon Airport !
- Telefónica to triple Spain's ADSL speeds before summer
- None of Spain's AVE high-speed rail lines profitable
- Spain launches new EU153 Mln smart city initiative
- Bank of Spain expects 2.8% growth in Q1
- Applying for an EHIC Card as a Spanish Resident
- Benefits in Spain and 'La Ley de Dependencia'
- Car Seats For Children - The Law In Spain