Aena SME: Initiation of Coverage- Why the Luton Leap & Solar Strategy Are Game Changers!

Aena S.M.E., S.A., showcased a mixed bag of results for Q1 2025, offering a picture of both strategic advancement and potential headwinds. On the positive side, Aena reported a group traffic increase of 4.9% year-on-year, reaching approximately 78.3 million passengers, marking the highest traffic recorded for any first quarter. This solid result beat expectations despite the comparison being against a leap year and a previous quarter where the Easter break occurred. Traffic in the Spanish network grew by 4.7%, indicating robust demand, particularly from international markets, which outpaced domestic growth.