AviAlliance to Own 50% of Athens International Airport While Considering Purchase Offers for Budapest Airport Shares

Justin Lee

Singapore

June 11, 2023

1024px Budapest Ferihegy wieza kontrolna

AviAlliance’s airports in Europe and North America – Budapest, Hamburg, Athens, Dusseldorf and San Juan – all saw an improvement in passenger traffic as well as their financial performance in the year 2022.

In 2022, Budapest Airport handled 12.2 million passengers, which was a 165.2% increase from the 4.6 million passengers that it had handled in 2021. The airport also saw an improvement in its turnover from EUR143.6mn in 2021 to EUR277.7mn in 2022. While its EBITDA increased year-on-year by 209% to EUR168.1mn, it also generated a net profit of EUR76.6mn in 2022, which was a significant turnaround compared to the loss of EUR87.7mn it had incurred in 2021.

Budapest Airport 2022 Traffic & Financials

  2022 2021 % Change
Passengers (Mil.) 12.2 4.6 165.2%
Revenues (EUR mn) 277.7 143.6 93.4%
EBITDA (EUR mn) 168.1 54.4 209.0%
Net Profit (EUR Mn) 76.6 -87.7 -

@Budapest Airport Website

At Hamburg Airport, the number of passengers handled increased by 109.4% from 5.3 million in 2021 to 11.1 million in 2022. The airport’s turnover increased by 68.1% from EUR128.9mn in 2021 to EUR216.7mn in 2022. However, the airport continued to incur a net loss, just as in the previous year.

Hamburg Airport 2022 Traffic & Financials

  2022 2021 % Change
Passengers (Mil.) 11.1 5.3 109.4%
Revenues (EUR mn) 216.7 128.9 68.1%
Net Profit (EUR mn) -27.2 -94 -

@Hamburg Airport Annual Report

At Düsseldorf Airport, the number of passengers handled saw an increase by 103.8% from 7.9 million in 2021 to 16.1 million in 2022. While the airport saw its turnover increase from EUR244.7mn in 2021 to EUR368.2mn in 2022, it also continued to generate a positive EBITDA of EUR85mn, which was 71.7% higher than in the previous year.

Düsseldorf Airport 2022 Traffic & Financials

  2022 2021 % Change
Passengers (Mil.) 16.1 7.9 103.8%
Revenues (EUR mn) 368.2 244.7 50.5%
EBITDA (EUR mn) 85 49.5 71.7%

@Düsseldorf Airport Annual Report

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