VINCI Airports – Traffic as of September 30, 2025

VINCI Airports recorded strong traffic growth in the third quarter, welcoming 94 million passengers, up 4.2% year-on-year, or 3.8 million additional travelers. Summer 2025 was characterized by good traffic performance at most airports. High load factors and an increasing airline seat supply fueled this expansion. Some hubs performed particularly well: resort destinations around the Mediterranean in Europe and routes between China and Japan.

In Portugal, the summer season was marked by solid traffic growth in Lisbon, and even more so in Porto, Faro and Funchal (+7% on average across these four airports). In Lisbon, European connections (Germany and Italy in particular) served by low-cost airlines and long-haul traffic with the United States and Brazil were the main drivers. Porto and Faro airports continue to attract many passengers from the United Kingdom and Germany. In France, Nantes and Lyon airports recorded good traffic in August. In Nantes, French, Spanish and Italian tourist destinations were very popular (increased service from easyJet and Air France Group airlines). In Lyon, French and North African destinations performed well. In the two latest acquisitions of the VINCI Airports network, in Edinburgh and Budapest, traffic growth was remarkable, driven by destinations in Western Europe and the Mediterranean region. In Belgrade , traffic grew by double digits on routes to Greece, Italy, Germany and Spain. Cabo Verde airports continue to grow at a strong pace, thanks to the strengthening of services from TACV, TAP and Transavia, and new flights from easyJet.

Belfast International and London Gatwick airports have been hit by a decline in the number of seats on sale. This is mainly due to the reorganization of flights by some low-cost airlines in favor of longer segments to tourist destinations and to the detriment of domestic flights within the United Kingdom (which penalizes the number of rotations, and therefore the number of seats on sale).

Strong summer demand in Japan, illustrated by the increase in load factors despite an increased seat supply, was boosted by the Universal Exhibition held in Osaka. Connections with China were very busy (+51% compared to 2024; +24% compared to 2019), thanks to the significant increase in flights offered by Chinese airlines. Regional markets (South Korea; Taiwan) as well as domestic routes continue to perform well. In Cambodia, where VINCI Airports is the concessionaire of Sihanoukville airport and, since September 9, has been operating the new Techo International airport in Phnom Penh through an operating contract, the recovery of traffic continues, driven by regional connections including China.

In Mexico, traffic growth was spectacular at Monterrey (+15%), where Volaris' capacity more than doubled; the company had suffered the grounding of some aircraft for engine maintenance last year. Traffic growth at Mexican airports is driven in particular by connections with the United States. In Brazil, the Salvador de Bahia airport benefited from good domestic GOL Airlines momentum and long-haul traffic driven by Air Europa and Air France. In Amazonia, double-digit traffic growth was enabled by increased capacity from both Brazilian and international airlines. In the Dominican Republic, traffic at Santo Domingo is penalized by the repositioning of Arajet aircraft to other airports, penalizing regional services. Traffic with the United States remains dynamic.