VINCI Airports – Traffic as of June 30, 2025

• 6.7% increase in traffic in Q2 2025 compared to 2024; increase in seat supply and demand still strong in most regions 
• Double-digit traffic growth in Japan, Mexico, Budapest, Cabo Verde and Cambodia
• Very good traffic trend also recorded in Portugal, Edinburgh and Belgrade

In the paragraphs below, and unless otherwise stated, the variations refer to traffic levels for the 2nd quarter of 2025 compared to the 2nd quarter of 2024.

With more than 86 million passengers welcomed, the VINCI Airports network had a dynamic second quarter, recording a 6.7% increase in traffic compared to the previous year, or 5 million additional passengers. This growth was fueled by an increase in airline capacity, particularly low-cost airlines, while load factors remained high, reflecting strong demand. Long-haul routes grew the most strongly (+11%), driven by the good momentum in Japan but also by the diversification of the European hub network (Lisbon, Edinburgh, London Gatwick). The start of the summer season also attracted many passengers to destinations around the Mediterranean.

Several airports in the VINCI Airports network maintained double-digit traffic growth throughout the quarter. In Japan, international traffic, both regional and long-haul, continues to expand. Traffic with China saw a spectacular surge (+66% compared to 2024 and +20% compared to pre-Covid levels), thanks to the increase in capacity of Chinese airlines on routes such as Shanghai and Beijing. Japanese domestic traffic also grew (+6%), with load factors up 5 points. In Mexico, Monterrey Airport recorded impressive growth of 25%, driven by the recovery of Volaris after the engine problems experienced last year. In Budapest, traffic dynamics were very strong in April and May, notably thanks to the increase in capacity of low-cost airlines such as Wizz Air (+36%), Ryanair (+12%) and easyJet (+17%). In Cabo Verde, connections with Portugal are benefiting from the expansion of TAP and easyJet capacity, while the domestic market is growing significantly, driven by the increase in seat capacity from Cabo Verde Airlines (+45%). In Cambodia, Phnom Penh airport had a very positive quarter (+15%) thanks to the completion of the post-Covid recovery with China (+62% compared to 2024) combined with strong growth of local airlines.

Good traffic trends were also recorded in Portugal, where many airlines increased their capacity, while load factors remained at high levels (87%). Long-haul routes have become an important growth driver (+12% with Brazil, +9% with the United States). In Edinburgh, long-haul traffic is also booming (+30%), driven by connections with the United States and Canada. Holiday destinations in Spain (Canary Islands, Balearic Islands) and Italy also contributed to growth this quarter. Belgrade Airport, for its part, benefited from passenger enthusiasm for tourist destinations around the Mediterranean. At London Gatwick, traffic remained stable compared to 2024: growth in the long-haul segment, particularly on routes with China and the United Arab Emirates, offset a slight decline in the short-haul segment.

The slowdown in air traffic in the United States, due to the more uncertain economic context, is negatively impacting platforms that depend on American affinity (VFR - Visiting Friends and Relatives) and leisure traffic. This is the case in Costa Rica, as well as in the Dominican Republic, which is suffering from a reduction in the flight offer of American Airlines, United and JetBlue, combined with a reallocation of part of the Arajet fleet.

More detailed information about the traffic results you can find here:

vinci-airports-traffic-as-of-june-30-2025.pdf (429.94 KB)