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raise airport aena taxes

AENA to raise airport taxes?

AENA decides to raise airport taxes, air ticket prices will rise.

The airport manager Aena will propose to raise airport charges by around 4% from 1 March 2024. This increase will mean an increase in air tickets in the coming months taking into account that airlines, which pay these fees for the services they receive from airports, will then pass this increase on to passengers.

The proposal, which was approved on Tuesday by the board of directors of the public company, must now have the approval of the National Commission of Markets and Competition (CNMC).

As this is relevant information for the company, it is most likely that it will be sent to the National Securities Market Commission (CNMV) tomorrow Wednesday in parallel to the results.

The newspaper 'Expansión' advanced today that the proposal to increase rates raised by Aena is 4.1%.

One of the main reasons that could be behind this decision to propose an increase in tariffs is the increase in energy and fuel costs in recent months, in addition to the recovery of air traffic with the return to historical data that could also underpin an increase in airport charges after the freezes of recent years.

The Airport Regulation Document (DORA) 2022-2026 establishes that the rates for airlines are frozen until 2026. However, a 2014 law allows Aena to pass on out-of-control extraordinary costs that occur during that period, as could be the case.

The increase, which must now be analyzed by the CNMC and have the approval of the Council of Ministers, would enter into force on March 1, 2024, and could lead to an increase in air tickets by airlines, which reject this rise outright.

And it is that this proposal of rise of Aena collides head-on with the wishes of the airlines represented mainly by the Association of Airlines (ALA) and IATA, which on the contrary ask for a reduction arguing an increase in fuel costs and wage costs.

The airlines have repeatedly asked Aena not to raise airport rates in 2024 to promote the consolidation of the recovery of the air sector, which will allow, in their opinion, "an improvement in competitiveness and the service received by users".

ALA was confident that the airport manager will opt for competitive rates "to facilitate the recovery of commercial aviation", still "very impacted by the high indebtedness" that many companies assumed during the pandemic.

From the Association they consider that Aena "has margin not to raise airport taxes" after entering profits this year and after the recent decision to recover the payment of dividends to its shareholders.

For their part, airport managers criticize that airlines continue to raise ticket prices, while demanding lower rates.

Thus, the vice president of Aena, Javier Marín criticized last June at a summit of the Airports Council International (ACI, for its acronym in English) that national regulators continue "obsessed with applying downward pressure on airport charges believing that this benefits the final consumer. "

From ACI it is defended that the tariff containment at airports only benefits the shareholders of the airlines, while they have raised prices in percentages above 30%, "six times above inflation"

and a second article from the same news outlet:

The Ministry of Tourism and Employment has shown its total rejection and opposition to the decision of the airport manager Aena to increase airport taxes by 4.1% as of March 1, 2024, understanding that this increase will have a negative impact on the tourism competitiveness of the Canary Islands and taking into account the benefits of the public entity from January to June 2023, that yield a gross operating result of 1,170.3 million euros, according to a press release from the regional Department of Tourism.

The Minister of Tourism and Employment, Jessica de León, said that "any tax that increases costs and reduces our competitiveness, worries us and is not good news for the Canary Islands because it will make the tourist product more expensive, since it will raise the prices of airline tickets before a consumer increasingly sensitive to the final price of their trips. "

Jessica de León has also claimed this Wednesday the incorporation of the Canary Islands to the Board of Directors of Aena, taking into account the importance that air transport has for the archipelago and its dependence on connectivity.

Arrivals to the Canary Islands this summer have grown in the order of 3.4% and the air seats scheduled for the winter have increased by 35% compared to 2019, and by 8.8% compared to 2022. If Aena finally applies this increase, it could have a negative impact on the tourism strategy of the Canary Islands.
Living my dream
3 users say Thank You to TamaraEnLaPlaya for this post
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As if it’s not expensive enough already , flight prices this year have been going through the roof.
1 user says Thank You to Can the Man for this post
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(27-07-2023, 11:02 PM)Can the Man Wrote: As if it’s not expensive enough already , flight prices  this year have been going through the roof.

As I have found out in the last couple of weeks so have ferry and hotel (Paradores) prices 😢😢😢
John T - Dreaming of A Hole In One  Smile
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