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Study shows just 10 Spanish Airports profitable in 2011

Sun 3rd Jun 2012
Study shows just 10 Spanish Airports profitable in 2011

An independant report has revealled how just a quarter of airports returned an operating profit between 2009 to 2011.

The study by Siscognes & Strategy found that just 10 of the 49 AENA operated airports in Spain managed to keep out of the red, with the group as a whole returning a losses of 220 million.

During 2011 the 39 airports airports doubling their losses to reach 349.1 million, whilst the 10 proftable airports were able to return 128.7 million between them.

However, there was an improvement in operating profit per passenger, which rose from 11.40 in 2009 to 11.49 euros in 2011, although passenger revenues improved significantly rising from 9.91 euros three years ago to 11.90 euros last year.

The report also highlighted the average investment for each passenger by the regions. In La Rioja this investment represented 1'731 per passenger, whilst in the Balearics it was just 30 per passenger.

However, the study concluded that having more passengers does not necessarily mean better results, noting that the regions with a high percentage of tourist arrivals, but fewer overall passengers, often operate more efficiently than the others.

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