AviAlliance Gives Up Budapest Airport While Increasing its Stake in Athens Airport

Justin Lee

Singapore

June 18, 2024

Athens

© Υπουργείο Εξωτερικών / Wikipedia

AviAlliance’s airports have seen a significant recovery from the disruption from  COVID-19 pandemic.

Meanwhile, the operator’s portfolio of airports has seen some change with the sell-off of its stakes in Budapest Airport while increasing its control over Athens Airport.

 

Dusseldorf Airport 2023 Pax Traffic and Financial Performance

 

2023

2022

Var

Passengers (Mil)

19.1

16.1

18.6%

Sales Revenues (EUR Mil)

411.5

350.4

17.4%

EBITDA (EUR Mil)

130.4

90.8

43.6%

@AviAlliance Corporate Presentation Q2 2024

Dusseldorf Airport handled 19.1 million passengers in 2023, an 18.6% increase from the 16.1 million passengers it handled in 2022.

In terms of turnover, the airport generated EUR411.5mn in 2023, a 17.4% increase from the EUR350.4mn in turnover generated in 2022. In 2023, 45% of the turnover generated by the airport came from non-aviation sources.

The airport also made an EBITDA of EUR130.4mn, which was an 43.6% higher than the EBITDA of EUR90.8mn in 2022.

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