VINCI Airports: its traffic has returned to its pre-Covid level – except in Asia

Avatar photo

The VINCI group unveiled record half-year results on Friday with, among other things, a net profit group share that exceeds 2 billion euros, up nearly 13%, for a turnover of around 32.4 billion, in 13.5% increase.

It is of course benefiting from the dynamism of its concession activities with the good performance of motorway traffic and the resumption of air transport : with the recent acquisition of Cape Verde airports, its subsidiary VINCI Airports is now the leading private airport operator in the world with the operation of 72 platforms in 13 countries.

In the second quarter of 2023, more than 67 million passengers visited the airports of the VINCI Airports network, down only 6.7% compared to the same period in 2019. The group points out that demand “ always supported », allowed traffic outside Asia to « back to its pre-crisis level since May “. Some airports on the European and American continents are maintaining historic traffic levels, ” sometimes significantly higher than those of 2019 “. The increase in traffic is observed from Portugal to Japan via Mexico.

In Portugal, traffic was maintained in the second quarter at levels well above 2019 in all airports, particularly in Porto and Funchal (Madeira). Domestic connections and connections with major European cities were particularly busy. Several companies such as Ryanair, easyJet and SATA have significantly increased their seat supply, while the high and increasing load factors (85.8% on average, + 1.6 pts compared to 2019) reflect the very strong demand.

At Belgrade airport, traffic stabilized at more than 20% above 2019 levels, supported by still very strong demand on regional routes (Turkey, Eastern Europe, Balkans). Traffic growth was also diversified thanks to new routes opened by Air Serbia (8 new routes in May including several routes with Italy, Greece, Poland and one with Chicago in the United States) and Wizz Air.

In Mexico, the good momentum is explained by the very marked increase in capacity at the four main airlines: Viva Aerobus (+83%), Volaris (+17%), Aeroméxico (+37%) and American Airlines (+70%). %). The demand for flights remains very strong on both domestic and international (United States) routes. Demand also remained strong in the Dominican Republic, driven by the development of routes on the American East Coast (New York and Orlando), as in Costa Rica, where the extension of certain winter flights enabled very good since April.

Traffic continued to grow at London Gatwick, encouraged by a surge in flight schedules from easyJet, TUI and Wizzair. Demand was particularly strong on routes to Dubai, Portugal and Turkey. Traffic is also up sharply in Belfast, very close to pre-Covid levels, as in Santiago de Chile, which benefited from strong growth in domestic traffic (+6.5% in June).

In Japan, international traffic accelerated sharply this quarter, particularly on regional routes (Singapore, South Korea, Taiwan). Connections with China are gradually being restored with the Asian platforms of the VINCI Airports network, but the offer still remains at this stage below pre-Covid levels.

John Walker Avatar