VINCI Airports - Traffic as of March 31, 2026

In the paragraphs below, and unless otherwise stated, the variations refer to traffic levels for the 1^st quarter of 2026 compared to the 1^st quarter of 2025.

More than 74 million passengers passed through the VINCI Airports network in Q1 2026, representing a 1.5% increase compared to the same period in 2025. This performance highlights the resilience and geographical diversity of the network in a context marked by geopolitical disruptions. While the conflict in the Middle East and tensions between China and Japan have locally impacted some airports, the overall effect on the global dynamics of the VINCI Airports network has remained limited, further confirming its robustness.

In Latin America, the airports in the network once again delivered excellent performance. In Brazil, Salvador Bahia airport recorded a remarkable double-digit traffic growth this quarter (+12 %) due to the expansion of services offered by airlines GOL, Azul, and LATAM, as well as strong demand for long-haul routes operated by TAP. In Mexico, growth continued with very positive momentum in Monterrey, driven primarily by domestic flights this quarter. In the Dominican Republic, the airports of the network recorded increased passenger numbers, with notable growth from Arajet at Santo Domingo. Costa Rica has solidified its international appeal. The only exception is Santiago Airport in Chile, where traffic has declined due to fleet allocation issues impacting SKY Airlines.

In Cabo Verde, the airports within the VINCI Airports network have recorded very positive growth momentum, with traffic increasing by 17 %. This performance was driven by the diversification of air connectivity offerings, including new routes operated by partner airlines such as easyJet and Transavia, with new winter-season connections from France, the United Kingdom, and Portugal.

In Europe, several airports in the VINCI Airports network maintained their growth trajectory. Belgrade airport continued to demonstrate dynamism, notably driven by the development of routes to Western Europe. At Edinburgh, traffic growth has remained robust, driven by Mediterranean destinations. Despite the impact of flight suspensions to the Middle East, Budapest airport continued to register high passenger numbers, driven by expanded offerings from Ryanair and easyJet and growing interest in destinations such as Italy, Spain, and France.

In Portugal, Lisbon airport has benefited from the surge in long-haul flights operated by TAP to Brazil and the United States. Meanwhile, Porto airport has reported strong traffic growth, supported by sustained increases in transatlantic connections as well as routes to Spain, the United Kingdom, and Italy.

Some airports faced less favourable market conditions. At London Gatwick, the reorganization of medium-haul offerings and cancellations related to the conflict in the Middle East have tempered the strong performance of easyJet and British Airways in the first quarter. Meanwhile, in France, domestic traffic, lastingly hindered by increased taxation, slowed the performance of regional platforms.

Finally, geopolitical tensions between China and Japan affected the overall results of Japanese airports. However, the regional market has remained dynamic, with traffic showing significant growth, particularly from South Korea.