Profitable airports dropped to eight in 2012

Palma de Mallorca one of the profitable airports / shutterstock

Despite the efforts to reduce costs and increase revenues, in 2012 the number of profitable airports dropped from eleven to eight.

Thus, the only profitable airports where BilbaoIbizaLanzaroteValenciaTenerife SouthSevilleBarcelona and Palma de Mallorca. The latter two made a 73 million Euro profit each.

AlicanteValencia and Fuerteventura entered into losses in 2012, to join a list where MadridMálagaSantiago de Compostela and La Palma are emphasised.

Aena, chaired by José Manuel Vargas, expect an EBITDA of 1,600 million Euros at the end of this year. Traffic has dropped in the Spanish airports by 4.4% up to October, but the foreign passenger growth might help to improve figures at the end of the year. In the Aena accounts this year, it is also expected to see higher commercial income and lower labour costs.

In 2012 Aena reduced losses by 68% and the airports increased the turnover by 12% as a consequence of the tax increase. Debts increased in 302 million Euros though.