Athens Airport Q1 Net Profit Drops 28% Despite Rising Passenger Traffic
Financial Performance and Passenger Traffic Overview
Q1 Net Profit Decline
May 18 (Reuters) - Athens International Airport's first-quarter net profit dropped by 27.9% after a temporary discount on passenger charges and regulatory pricing adjustments overshadowed increased traffic, it said on Monday.
Net Profit Figures
• Net profit in the three months to March 31 fell to 18.9 million euros ($21.99 million) from 26.2 million euros a year earlier.
Passenger Traffic Growth
Increase in Passenger Numbers
• Passenger numbers reached 6.3 million, up from 5.8 million in the first quarter of 2025, driven by strong growth in January and February.
Revenue and Pricing Adjustments
Total Revenue Drop
• Total revenue dropped by 5.7% to 117.9 million euros, mainly owing to a 30% temporary discount on Passenger Terminal Facility charges from October 2025 to the end of last month.
Impact of Temporary Discounts
• Greece's largest airport reaffirmed its 2026 guidance for traffic growth in a low single-digit percentage despite ongoing conflict in the Middle East.
($1 = 0.8594 euros)
(Reporting by Antonis Pothitos; Editing by Gus Trompiz)
