Finance
Athens International Airport nine-month net profit falls 4.8% on higher costs
Published by Global Banking & Finance Review®
Posted on November 3, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 3, 2025
2 min readLast updated: January 21, 2026
Athens International Airport's profit dropped 4.8% due to rising costs, despite a 6.7% increase in passenger traffic. Tourism remains crucial for Greece.
(Reuters) -Athens International Airport (AIA) posted a 4.8% drop in nine-month net profit on Monday despite increased passenger traffic as rising operating costs and a larger variable concession fee offset modest revenue gains.
The operator of Greece's main gateway said that net profit for the nine months to September 30 fell to 185.8 million euros ($216.7 million) from 195.1 million euros a year earlier.
Operating expenses surged 14.1% year-on-year to 180.1 million euros, driven by a higher variable Grant of Rights fee, increased staffing and outsourcing to meet demand, minimum wage hikes, elevated electricity costs, and higher maintenance provisions, AIA said.
Total revenues and other income rose 3.5% to 526.9 million euros, supported by 6.7% growth in passenger traffic to 26.2 million and regulated airport charge adjustments.
Revenue from air activities rose 2.5% to 397.5 million euros, while non-air revenue climbed 6.7% to 129.5 million, aided by retail growth despite disruptions in car parking, AIA said.
Tourism is a key economic driver for Greece as it accounts for more than a quarter of its economic output.
($1 = 0.8575 euros)
(Reporting by Antonis Pothitos; Editing by David Goodman and Conor Humphries)
Net profit is the amount of money a company earns after all expenses, taxes, and costs have been deducted from total revenue. It is a key indicator of a company's profitability.
Operating costs are the expenses associated with the day-to-day functioning of a business, including wages, rent, utilities, and materials needed for production.
Passenger traffic refers to the number of individuals traveling through a transportation hub, such as an airport, over a specific period. It is an important metric for assessing the volume of travel.
Revenue growth is the increase in a company's sales over a specific period, typically expressed as a percentage. It indicates how well a company is expanding its business.
The economic impact of tourism refers to the contribution of travel and tourism activities to a country's economy, including job creation, revenue generation, and investment in infrastructure.
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