Aena Outlines €13 billion Airport Investment Programme

Aena has announced plans to invest nearly €13 billion in its Spanish airport network between 2027 and 2031, alongside an average annual increase in airport charges of €0.43 per passenger. The final fee adjustment will vary by airport size, with smaller airports facing lower increases.

The investment programme aims to ensure that airports have sufficient capacity to meet future traffic demand while maintaining the highest standards of safety, maintenance, service quality and environmental performance. Aena emphasises its long-standing commitment to operating an efficient and competitive airport network under the principle that every airport matters.

Following two regulatory periods in which investment was limited and focused mainly on maintenance and compliance—allowing airport fees to decrease—many airports are now approaching their technical capacity limits. New expansion projects are therefore required to avoid restricting mobility and economic growth. These works will be carried out while airports continue to operate at full capacity.

Aena’s Board of Directors has approved the proposed Airport Regulation Document (DORA) for 2027–2031, which includes €9.991 billion in regulated investment. Despite the scale of the programme, Aena will continue to offer some of the most competitive airport charges in Europe.

Passenger traffic during the 2027–2031 period is forecast to reach approximately 1.69 billion passengers, with growth expected to moderate following the post-pande