Overview
- Spain’s Senate approved a Partido Popular amendment to the Sustainable Mobility bill freezing airport charges from 2027 to 2031 and calling for a sector-agreed incentives plan.
- In a CNMV filing, Aena warned the measure would damage the airport network and obligate a review of €9.991 billion in regulated investments planned for DORA 3.
- Aena said any revision would alter the overall budget, the distribution by airport and projects, and the execution calendar, with major works flagged for Madrid-Barajas and Barcelona-El Prat.
- Aena’s stock fell roughly 4–5% on Thursday, erasing about €1.7 billion in market value and ranking as the Ibex 35’s worst performer.
- Aena reports an average charge of €10.35 per passenger, below 2015 in nominal terms, while the CNMC has indicated a 6.5% increase could begin in March pending a technical adjustment.