Overview
- Aena’s board approved a 6.5% increase in airport tariffs for 2026, raising the maximum annual revenue per passenger to €11.03 and taking effect on March 1, 2026.
- Of the €0.68 total rise, €0.45 covers unrecovered 2024 delays (factor K) and €0.17 reflects the CNMC’s tariff index adjustment (Index P).
- The operator reported a net profit of €894 million in the first half of 2025, up 10.5% year-on-year, with consolidated revenues reaching €2,995.9 million.
- Based on a 2025 traffic forecast of 320 million passengers, the tariff adjustment is projected to generate around €218 million in extra regulated revenue to support over €1 billion in annual investments under DORA III, including major works at Madrid-Barajas and Barcelona-El Prat.
- Budget carriers led by Ryanair have criticized the hike, cutting 800,000 seats and suspending routes at regional airports such as Jerez and Valladolid.