ANYYY - Aena: Passenger Traffic Expected To Increase Into 2026
2024-03-20 18:25:57 ET
Summary
- Aena's passenger traffic through its Spanish airports in 2023 rebounded to 102.9% of 2019 levels.
- Management expects passenger traffic through its Spanish airports to rise further in 2024, 2025, and 2026.
- I rate Aena as a 'Buy' and I would hold it as 'equal weight' in a diversified portfolio given the expected passenger traffic growth and forward PE ratio of 13.99 for 2024.
Aena S.M.E., S.A. ( ANYYY ) is the largest airport operator by passenger volume in the world with most of its traffic based in Spain. The Spanish government owns 51% of the company and retains majority voting control.
I last wrote about Aena in the article, Aena: Growing Demand As Passenger Traffic Recovery Continues ....
Aena: Passenger Traffic Expected To Increase Into 2026