VINCI Airports – Traffic as of December 31, 2025

In the paragraphs below, and unless otherwise stated, the variations refer to traffic levels for the 4^th quarter of 2025 compared to the 4^th quarter of 2024.

In 2025, VINCI Airports welcomed more than 334 million passengers, representing an additional 16 million travellers in one year (+5% compared to 2024). This strong growth reaffirms VINCI Airports' status as the world’s leading private airport operator and aligns with the overall upward trend in air traffic.

Beyond the annual results, the fourth quarter of 2025 also showed a traffic increase (+3.2%) compared to the same period in 2024, confirming robust momentum in several regions.

Several European airports continue to record very strong growth. The airports of Budapest and Edinburgh, the latest additions to the VINCI Airports network, deliver remarkable performances: Budapest airport is experiencing double-digit growth, driven by the dynamism of airlines easyJet, Ryanair, and Wizz Air across all their markets. Mediterranean connections, especially to Spain, Italy, Turkey, and Israel, are registering significant peaks. Meanwhile, Edinburgh airport shows a solid growth, also supported by the rise of flights to Mediterranean destinations (Spain, Italy, and Turkey) and the British domestic market. Belgrade airport traffic continues its impressive progression, driven primarily in Q4 by the expansion of Wizz Air's routes to Western Europe.

In Portugal, Porto airport experienced an increase in traffic driven by the growth of low-cost airline offerings and the expansion of transatlantic routes. The strong momentum at Lisbon airport continued, with notable growth in long-haul flights, particularly to Asian and Latin American markets. This long-haul segment also progressed at London Gatwick airport, while domestic traffic in the UK slowed due to the reorganization of low-cost airline offerings. In France, traffic growth at Lyon airport was fueled by international flights to a diverse range of destinations: Germany via Lufthansa, Eastern Europe with Wizz Air, and the Mediterranean region with Transavia and easyJet.

In Latin America and Africa, several airports experienced traffic acceleration this quarter. In Brazil, Salvador de Bahia recorded traffic records in Q4, driven by GOL's expansion and long-haul traffic supported by TAP and Air Europa. The seasonal strengthening of the Air France route between Salvador and Paris CDG also contributed to the increase of capacities during this period. In Mexico, Monterrey airport is maintaining its strong momentum with nearly 10% growth, primarily fueled by Volaris and Viva Aerobus. Growth is also excellent in Costa Rica, where connections to the United States continued to bolster traffic. Meanwhile, airports in Cabo Verde are continuing their upward trend, supported in particular by operations from easyJet and Transavia. New routes to France and the United Kingdom enriched the offerings and complemented growth driven by connections to Portugal.

In Japan, traffic results increased in Q4 despite geopolitical tensions with China, which led to some flight cancellations in December. These events tempered the strong recovery in international traffic observed up until then.