Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

The sorry state of Andalucía's airports

Tue 8th May 2012
The sorry state of Andalucía's airports

AENA's Federico Garcia Lorca Granada-Jaen airport generated debts of almost €6.1 million over the course of 2011.

This represents an increase in losses of 17.2% on 2010, when total debts reached €5.18 million, and 13% up on 2009 when debts stood at €5.6 million.

AENA explain this by way of a fall in passenger numbers. In 2011 the airport saw 872'762 arrivals and departures, representing a 10.8% decrease on 2010.

Likewise, revenue for 2011 totaled €7.7 million, representing a 9.9% less fall on the previous year.

The total accumulated debt at the airport is now believed to stands at €89.5 million, and leaves the airport struggling to finance future infrastructure requirements.

The other regional airports of Andalucía are not performing much better. Malaga airport ended 2011 with losses of €20.6 million, followed by Jerez with a deficit of €9.5 billion, Almeria, with losses of €7.9 billion and Cordoba with €3.9 million.

The only exception within the region is Sevilla airport, returning post-tax profits of €6.05 million.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Topics

Related Articles