An Air China plane cabin was filled with smoke after its engine caught fire, forcing the plane to make an emergency landing in Singapore on Sunday.
25.08.2023 - 14:03 / skift.com
With the end of Covid-19 restrictions, the number of passengers at Aena’s airports gradually recovered last year, approaching pre-pandemic levels in December and surpassing them in January 2023.
The company posted a net 2022 profit of $954.51 million, compared with a loss of $507.9 million in the prior year.
Its shares rose 2.5 percent on Tuesday morning.
While some European airports were affected by staff shortages as tourism rebounded last year, Aena’s terminals have run smoothly since the summer, something it attributed to its ability to keep hold of workers during and after the pandemic.
For 2022 as a whole, Spanish airport traffic reached 88.5 percent of 2019 levels. Aena lifted its estimate for 2023 to 99 percent of 2019 flows while not ruling out topping pre-pandemic numbers this year. The airport operator had previously said it expected a full recovery of traffic only in 2024.
In comparison, London’s Heathrow expects to carry 58 million-73 million passengers in 2023, or around 90 percent of pre-pandemic levels at the upper end of the range.
Aena’s revenue grew 69.3 percent to $4.52 billion in 2022, with half generated by aviation operations. Total commercial income surpassed pre-pandemic levels for the first time, standing 1 percent higher.
The company will pay a dividend of $5.07 euros per share.
“All divisions reported better-than-expected full-year revenues in 2022,” brokerage Royal Bank of Canada said in a note to investors.
Aena has launched a duty-free shop tender for an area of 66,000 square metres for which it has already received interest from companies in China, the Middle East, the U.S. and Panama.
It also plans to purchase new screening machines that it says could improve passenger flows by speeding up checks of hand luggage.
An Air China plane cabin was filled with smoke after its engine caught fire, forcing the plane to make an emergency landing in Singapore on Sunday.
Courtney Danser and her friends were traveling back to New York from Croatia with Aer Lingus when they hit a major snag.
Sports fans could face travel chaos next week as French airport staff threaten strikes during the Rugby World Cup.
1. Save money on attractions. When my husband and I took our two older sons (16 and 22) to Spain for summer vacation, we knew we had to be smart about finances. Taking four “adults” to dinner or a museum can get expensive very quickly. So we opted for Go City’s All-Inclusive Passes in both Madrid and Barcelona. These passes allow you to visit as many attractions as you want within a one to seven consecutive day period.
Discover the hottest destinations for this summer according to locals
Flights to and from the UK are facing delays Monday after the air traffic control operator suffered technical problems.
An Ontario International Airport staffer advised travelers to take any old stickers from past trips off their luggage to avoid losing their bags when flying.
If you’d thought Silicon Valley’s TripActions was running out of steam as we head towards the year’s end, after its acquisitions and extensive fundraising, think again.
It’s not often that travelers have something to look forward to at Newark Liberty International Airport. The new $2.7 billion Terminal A will open in December, the latest in a series of major airport projects opening around the U.S. this year.
Short-term accommodation in Spain’s 20 biggest cities is rapidly catching up with the number of rooms managed by hotels, a study [see embed, below] released on Tuesday found, prompting hoteliers to call for better regulation of their upstart rivals.
Four travel tech startups raised $65.7 million this week.
India will invest around $12 billion over the next two years in airports, aircraft and recruitment to meet the booming demand for air travel. The country aims to increase the number of airports from the present 148 to 220 by 2025, for which private builders will contribute roughly $9 billion, with the balance coming from the government-run Airports Authority of India. It entails new terminal construction, greenfield projects, and refurbishment of existing buildings, including old military airfields from the colonial era, as per a Bloomberg report. “We need to put in place the civil aviation infrastructure and capabilities that by 2047 would be able to support a $20 trillion economy within India,” said the country’s civil aviation minister Jyotiraditya Scindia at the ongoing CAPA India Aviation Summit in New Delhi. Scindia said passenger capacity at India’s six major airports is expected to grow to 420 million in four years from 192 million today, and Indian carriers’ fleet will grow to 2,000 aircraft in five years from 700. Additionally, India has eased leasing rules for airlines to lease more aircraft to address aircraft shortages as travel rebounds from the pandemic. He also highlighted how India had tweaked its airplane leasing program to enable airlines to add more aircraft to meet passenger demand, including more “wet leasing,” or renting of planes with crew, for domestic and international routes. Tata Group-owned Air India last month announced a record order for 470 jets and is due to take another 25 leased aircraft.