Athens International Airport (AIA) posted a strong first half of 2025, with passenger traffic climbing but net profits easing back amid higher financial costs.
Passenger traffic reached approximately 15.1 million travelers from January through June—up 7.6% year-on-year. International traffic surged by 9.8%, while domestic travel rose by 2.2%, powered by travel demand and more diverse airline routes. The momentum was strongest early in the year: the airport saw an 11.4% jump in Q1, followed by a slower—but still positive—5.3% gain in Q2.
Revenue grew too, reaching €308.2 million, a 5% increase over the previous year. This was buoyed by aviation-related operations (€230.5 million, +3.2%) and non-aviation activities (€77.7 million, +10.6%)—a testament to the growing role of commercial ventures, from retail to new collaborations.
However, profitability felt a squeeze. Adjusted EBITDA came in near €182.3 million, edging down 0.6%, and margins slipped from 62.5% to 59.2%, reflecting rising costs and investment. Net profit fell 5.1%, landing at €92.2 million, largely due to steeper financial expenses and reduced carry-forward gains. Still, those figures remain healthy compared to peers.
Financially, the airport’s net debt stood at €767.2 million, with a net debt-to-adjusted-EBITDA ratio of 1.8×—a conservative, solid posture that supports ongoing investment.
Speaking of investment: AIA is moving on an ambitious infrastructure buildout. Highlights include:
- A new multi-story parking structure to ease congestion.
- A north-west aircraft parking zone with capacity for 32 planes.
Expansion of both the central and satellite terminals, adding 150,000 m² and boosting capacity by 68%—positioning AIA to smoothly serve 40 million passengers annually when fully realized.
These developments roll out in two waves: half the project completes by 2028, with the remainder finalized by 2032. AIA expects mid-single-digit growth for the remainder of 2025. Management projects net profits near €200 million for both 2025 and 2026, with strong self-financing capacity to underpin its expansion.
 posted a strong first half of 2025, with passenger traffic climbing but net profits.){kind=link}