Aena

Aena reported group EBITDA of €1,146m for Q2 2026, missing the analyst consensus by 0.8% and internationally by 2.1%. The share subsequently fell about 3.7% and is trading at around €26.01, well below the 52-week high of €28.86. Commercial revenues and real estate sales beat expectations but could not offset the overall weaker result and the cautious full-year forecast for traffic growth of around 3%. A lack of macroeconomic tailwind also contributed to the negative market reaction. » More on de.investing.com

Aena's share climbed after Bernstein upgraded the rating to “Outperform” and raised the price target to €30.80; Bank of America also issued a buy recommendation with a target of €30.50. Bernstein increased its passenger forecast for Spain in 2026 by about 3 million to 333 million and expects summer growth of around 4%, supporting higher commercial revenues and a favourable regulatory environment. In addition, Aena awarded a €39.77m contract for the renovation of a runway in Madrid, while the half‑year figures on July 29 are the next milestone. » More on de.investing.com

Airport operator Aena recorded 28.3 million passengers at its Spanish airports in April, up 3.7% year-on-year. Across its entire network, passenger traffic rose 3.6% to 33.5 million, with Madrid-Barajas, Barcelona-El Prat and Palma de Mallorca remaining the largest hubs. Growth was smaller than before (6.3%); Aena attributes the increases in part to Spain’s continued appeal as a tourist destination and to transfer passengers following the train accident on January 18, while Luton recorded a sharp decline in cargo due to an overnight rail closure. » More on de.investing.com

Aena recorded revenue of €1,479.9 million in Q1 2026, up 10.4% year on year. EBITDA rose to €661.1 million (+2.7%) and net profit to €329 million (+9.3%), while operating costs increased by 17.8%. International revenues grew by 57.7%, mainly driven by construction activity in Brazil. Despite the figures, the stock fell 2.75% in premarket trading; management points to cost control and strategic initiatives. Aena also cites EPS forecasts of $0.52 for Q2 and $0.61 for Q3 and a revenue forecast of $2,091.58 million for Q2. » More on de.investing.com

The Spanish airport operator Aena won the concession for Galeao airport in Rio de Janeiro with a bid of 2.9 billion reais (USD 552.3 million) and will take control until 2039 with an option to extend for five years. This gives Aena roughly 28% of passenger traffic in Brazil and makes it the country's largest operator. Galeao posted an EBITDA of nearly 500 million reais in 2024 with a margin of 48% and is debt-free; major expansion investments are not required under the concession. » More on de.investing.com