Aid's accord with the internal market remains undecided by the Commission.
In the first half of the current year, Fraport, the airport company responsible for Athens International Airport, reported a reduced adjusted operating income of €182.3 million. Despite a growth in passenger numbers and revenues, these were not sufficient to offset the decline in profit margin due to high sector costs and operational challenges at the airport.
Athens Airport, Greece's largest, experienced an increase in passenger numbers and revenues during the same period. However, the exact nature of the higher operating costs that contributed to the decline in adjusted operating profit remains undisclosed.
The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Athens Airport in the first half of the year is not specified. It is only stated that the adjusted EBITDA was higher than the adjusted operating profit in the same period last year.
The growth in passenger numbers and revenues at Athens Airport was not enough to offset the increase in operating costs, resulting in a decrease in the adjusted operating profit compared to the same period last year. In the first half of last year, the adjusted operating profit stood at €183.4 million.
It's important to note that no specific information about the growth in passenger numbers or revenues at Athens Airport is provided. Additionally, the paragraph does not provide any details about the specific increase in operating costs, nor does it specify the exact amount of the adjusted EBITDA for Athens Airport in the first half of the year.
Despite the challenges, Athens Airport continues to serve as Greece's primary gateway for international travel, contributing significantly to the country's tourism industry. The airport company remains committed to addressing the operational challenges and working towards improving profitability in the future.
