Aena raises its profits to 500 million after a summer that reactivated it in the air | comp

net result of where are you It lights up again after the two worst exercises in aviation history due to the impact of the pandemic. Airport manager closes the third quarter with a 499 million euros won, It is a big jump from losses of 123 million accumulated in the same period in 2021.

The company’s general income was 2,915 million, up 65.6%, and EBITDA was 1,301 million, up 197%. leaves a margin of 44.6% (24.9% years ago). Operating cash flow rose to €1558.3 ​​million compared to €20.5 million in the first nine months of 2021.

The company’s result forces electricity prices to rise, leaving an annual increase of 150 million euros. Total operating expenses (supplies, staff, etc.) in the first nine months amounted to 1,566 million euros, an increase of 41.8%.

Passenger traffic in the network of Spanish airports in Luton and six Brazilian airports operated by Aena reached 204.4 million, which is an increase of 133.8% compared to 2021 and a recovery rate of 85.8%. Exclusively in Spanish assets, passenger traffic increased by 140.7% to 184.2 million, which equates to 86.1% of traffic in the first three quarters of 2019.

The rise in Luton was 264%, achieving a recovery rate of 71%. The Northeast Airport Group shows a 26.9% increase and has already regained traffic for 2019 (+0.7%).

The company you chair Maurice Lucina This morning he talks about a “very positive” development in October, estimating that it will reach a level of recovery with respect to the same month of 2019 higher than that in the summer months. Aena is already planning to see the year at a traffic level “slightly above the declared upper limit of range (85%)”.

By business line, organized income from airport activity improved 115% to 1,824 million, while commercial income was 685 million and decreased 5.6%. Revenue from real estate services increased by 9.5%, contributing 64 million, and international activity improved by 231.7 million (+209.1%), adding 342 million to the group.

Aena again makes an exception with regard to its rental income and confirms that until September, commercial income without the adjustments imposed by Congress in the guaranteed minimum income, will restore pre-pandemic levels, rising to about 988 million euros.

Financial net debt has been reduced to €6,365.3 million (including €446 million for consolidation of Luton Airport debt and €36.5 million for Brazil), compared to €7,446 million at the end of 2021. Thus, the debt ratio, measured as net debt Financial statement on EBITDA, it decreased to 4.2 times, compared to a multiple of 11.5 times at the end of December 2021.

The company has cash and credit facilities of up to 3512.3 million euros, in addition to the possibility of issuing issues through the European Commercial Paper Program (ECP) up to 900 million euros, which are fully available.