Spanish traffic rebound helps World Duty Free

By Kevin Rozario |

Passenger traffic in Spain has bounced back in the first half of 2014 after a decline last year of -3.5% to 187.4m. The rebound has helped World Duty Free achieve strong growth in Spain (see below).

 

In H1, at the airports of Aena, traffic across the country was up by +4.2% to 88.4m with all but one of the top 10 airports showing a strong return to form. Adolfo Suárez Madrid-Barajas, the biggest, grew by +3.2% to 19.53m passengers [although travel retail sales at the Iberia hub remain weak] while Barcelona-El Prat had a +6.8% surge to 17.23m.

 

Third-placed Palma De Mallorca was the only airport among the main gateways not to grow: it processed 9.27m passengers, down -0.1%. Other top 10 airports showed growth of between +5.9% (Tenerife Sur) to +14.3% (Fuerteventura).

 

The numbers have been good news for World Duty Free which has been benefiting from the Spanish revival. On Friday, when the company released its six-month results, it noted that Spanish airport sales reached €247.6m, up a strong +9.2%, which was more than double the traffic trend of +4.2%.

 

While the top 10 airports – essential to DF&TR sales – saw improvements, some regional gateways are still suffering. Eleventh-placed Valencia was down -2.3% in H1to 2.09m, Seville was relatively flat (+0.8%), and Girona was down by -23.1%.

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