Aena commercial revenues pass 2019 levels as Dufry scoops all Spain bids

By Kristiane Sherry |

General view of Aena operations

Aena’s commercial revenues have exceeded 2019 levels. IMAGE: Tenerife Airport interior.

Aena commercial revenues hit €715.3 million for the first half of its 2023 financial year, as Dufry emerges as the major winner in the recent Spanish tender.

For the six months to 30 June 2023, total group revenues reached €2,333.2m, an increase of 24.1% year-on-year. EBITDA stood at €1,1703m, up 49.5% on the same period in 2022, but just shy of 2019’s performance.

Net profit reached €607.7m, a substantial climb from €277.5m H1 2022 and €559min 2019, driven by the commercial business. 

The €715.3m from commercial activities was a 29% increase year-on-year, with Aena confirming the figure surpassed pre-pandemic levels. 

Group passenger traffic across Spain, London Luton and Aena’s Northeast Brazil operations climbed 22.8% to 144.1 million. The total is 100.5% higher than in 2019.

Aena H1 revenues

Aena’s total H1 revenues were driven by commercial revenue

In Spain, traffic stood at 129.4m passengers, representing a 23.4% YOY uplift, and 101.2% compared to the same period in 2019. 

Operating expenses also increased however, standing at €1,1403m in the first half of 2023, compared to €1.0552m over H1 2022. 

Dufry scoop Aena Spain tenders

Aena’s H1 financial results come as travel retailer Dufry celebrates winning all bids tendered for across Spain, increasing its footprint across the group by 30%.

Dufry will operate retail and hybrid F&B-retail concepts in 21 airports across Andalusia-Mediterranean, the Balearic Islands, the Canary Islands, Catalonia and Madrid.

The contracts run for 12 years, covering 60,000sqm of space, and serving over 132 million passengers a year. 

Aena H1 commercial revenue

Aena H1 commercial revenue breakdown

It marks the first time hybrid F&B and retail concepts of this type. 

“We really believe that we are the best partner for Aena, and see this award, where we retain nearly all our operations, as a confirmation of the potential offered by our newly combined business and our exciting strategy to create a travel experience revolution,” said Dufry CEO Xavier Rossinyol. 

“Our strategy, Destination 2027, will be brought to life in our Spanish operations through a consumer-centric and digitally engaging offer that combines travel retail with F&B, generating value for our customers, for our concession partner Aena, for our brand partners and suppliers, and for Dufry.”

He continued: “As a company, we are pleased to continue our significant and longstanding partnership with Aena, and we remain thankful for their trust and commitment as we travel together.”

Dufry added that it expects to unveil a new company name and visual identity for its hybrid travel retail-F&B concepts this year, following its recent acquisition of Autogrill


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