Aena’s net profit tops 1,000 million euros in the first nine months of 2018, up by 5.5%


30 October 2018

Total consolidated revenue increased to 3,250.4 million euros, 5% more than in 2017, with commercial revenue doing particularly well and growing by 8.2%

Gross operating profit (EBITDA) stands at 2,032.2 million euros, up by 4.3%

Operating cash flow amounted to 1,772.7 million euros

Passenger traffic in the Aena network in Spain came to 204.1 million, 5.5% more than between January and September 2017


Between January and September 2018 Aena has achieved net profit of more than 1,000 million euros, up to 1,018.5 million and 5.5% more than in the same period in 2017. This figure reflects the positive evolution of business, the decrease in financial expense while also, and to the contrary, higher corporate income tax expense.

Total revenue rose to 3,250.4 million euros, representing an increase of 5% compared to the first nine months in the previous year. Commercial revenue, which accounts for 27% of the total, has grown by 8.2% up to 877.4 million euros.

Here it is also worth mentioning the contribution to revenue made by international activity in which London Luton Airport has provided 172.8 million euros.

Aena’s gross operating profit (EBITDA(1)) between January and September 2018 stood at 2,032.2 million euros, 4.3% up compared to the same period in 2017.

The company’s cash flow(2) has come to 1,772.7 million euros compared to 1,823.3 million in the first nine months of 2017, down by 2.8% due to factors such as the collection in 2017 of a refund of corporation income tax for 2015. Excluding extraordinary effects, operating cash flow would have risen by 5.7%.

Net financial debt(3) stands at 6,565 million euros compared to 6,948 million euros at the close of 2017. Aena’s net financial debt to EBITDA ratio is down from 2.8 times at 31 December 2017 to 2.6 times at the end of September 2018.

Passenger traffic

The number of passengers using the airports in Aena’s network in Spain in the first nine months in 2018 came to 204.1 million, 5.5% more than in 2017. International traffic has made a significant contribution here at 70% of the total and rising by 3.5%, while domestic traffic is also up by 10.6%.

When figures for Luton Airport are included, the number of Aena’s passengers amounts to 216.8 million, 5.4% more than in the same period in 2017. Between January and September Luton Airport handled 12.7 million passengers (a 2.8% increase).



  1. Calculated as Total revenue minus Total expenses plus Depreciation and amortisation
  2. Cash flow calculated as adjusted EBITDA – CAPEX – Interest paid – Tax paid.
  3. Calculated as Current Financial Debt plus Non-current Financial Debt minus Cash and Cash Equivalents