Spanish airport operator profits jump 80 percent

[unhappycamper]

http://www.thelocal.es/20150729/spanish-airport-operator-profits-jump-80-percent



One-off tax deductions, a rise in passenger numbers and consolidaton of Luton airport have played their part in boosting profit of Spain's Aena, the world's biggest airport operator.

Spanish airport operator profits jump 80 percent
Published: 29 Jul 2015 15:32 GMT+02:00

Spain's Aena, the world's biggest airport operator by passenger numbers, said Wednesday its net profit jumped by 79.9 percent in the first half of the year, boosted mainly by one-off tax deductions.

The company, which was partially listed on the stock market earlier this year, said higher air traffic and consolidation of Britain's Luton airport also helped earnings.

Aena posted a net profit of €275.6 million ($304.9 million) during the first six months of the year, up from 153.1 million euros during the first half of 2014.

The company's core profit -- earnings before interest, taxes, depreciation and amortisation, or EBITDA -- rose by 11.9 percent from a year earlier to €826.4 million.