In March 2014, Aéroports de Paris saw 7.3m passengers; an increase of 0.9% on March 2013. 5m passengers travelled through Paris-Charles de Gaulle (stable) and 2.3m through Paris-Orly (+2.8%).
Traffic in March 2014 was mainly affected by a calendar effect due to the half-term holiday dates for schools in the Paris area, which this year were from 15 February to 3 March, as opposed to 2 to 18 March in 2013.
However, passenger traffic at TAV Airports, 38%-owned by Aéroports de Paris, increased by 10.5% in March 2014 and has risen by 15.6% since the beginning of the year.
As previously reported, Aéroports de Paris (AdP) increased its consolidated revenue by +4.3% to €2,754m (US$3,774.30) in 2013 in what was a record year for passenger traffic in Paris; +1.7% YOY to 90.3m passengers.
However, AdP’s ‘Net result attributable to the Group’ fell by 10% to €305m (see table below), attributable to the implementation of new taxes, and last year’s strong increase in depreciation and amortisation of the ERA (Economic Regulation Agreement for 2011-2015 period).
In March 2014, international traffic (excluding Europe) posted slight growth (+0.5%). Traffic growth for the French Overseas Territories (+5.5%); North America (+1.6%); Latin America (+1.6%) and the Middle East (+0.9%) was in large part offset by the decrease in traffic for Africa (-0.6%) and Asia-Pacific (-3.2%).
European traffic (excluding France) was up by 1.1% and traffic within France grew by 1.2%. The number of connecting passengers was up by 5.9%. Since the beginning of 2014, Aéroports de Paris passenger traffic has seen growth of 3.6%, with a total of 20.1m passengers.
AdP forecasts growth in traffic of 2% YOY for 2014 and expects that consolidated EBITDA will increase greater than traffic growth. It looks for a marked rebound to the disappointing Net result attributable to the Group, in 2014.