Flughafen Wien AG Surpasses Passenger Milestones Amid Growth

Flughafen Wien AG has reported promising November 2024 traffic figures, exceeding estimates. Passenger numbers grew by 10% year-on-year, reaching 2.9 million. This rise underscores robust demand for air travel despite increased ticket prices. Vienna Airport saw a 7% rise in passengers, while Malta and Kosice airports recorded 19% and 29% growth, respectively.

Noteworthy is Vienna Airport's 30 millionth passenger milestone, not achieved since 2019. EasyJet will resume operations at Vienna in March 2025, potentially increasing connections. The 2025 guidance expects a modest 2% passenger growth, with sales predicted to increase by 4% due to higher airport charges.

Despite potential demand pressure from ticket prices, air travel remains popular as consumer focus shifts towards experiences. Flughafen Wien AG is strategically prepared to maintain robust operations. The company recommendation remains "Hold" with a revised target price of €60.00.