Copenhagen Airports
The Nordic hub earns aeronautical charges and non-aeronautical income from shopping, parking and leasing. Transfer traffic supports connectivity, while terminal investment is substantial.
Business at a glance
The Nordic hub earns aeronautical charges and non-aeronautical income from shopping, parking and leasing. Transfer traffic supports connectivity, while terminal investment is substantial.
Operating footprint: Copenhagen Airport and Roskilde Airport
Managed airports and airport interests
Copenhagen Airports operates two Danish airports: Copenhagen, its commercial hub, and Roskilde, which serves general aviation, business flights and training.
Airport codes are IATA unless marked ICAO. Expand a portfolio below to see the airports and the group’s role.
Denmark · 2 airportsAirport owner and operator
- Copenhagen (CPH)
- Roskilde (RKE)
Individual airport information
| Airport / code | Country | Reporting period | Passengers | Airport detail |
|---|---|---|---|---|
| Copenhagen · CPH | Denmark | Calendar 2025 | 32.4m | +9% · 191 destinations · 62 airlines |
| Roskilde · RKE | Denmark | Portfolio context | Not shown | General aviation, business aviation and flight training; no comparable passenger total assigned |
The passenger series describes Copenhagen Airport. Financial figures below are consolidated Copenhagen Airports group figures, including Roskilde; they are not presented as standalone CPH financial accounts.
Portfolio research checked 30 September 2026. An unavailable airport metric is left unreported; group financials are not allocated by passenger share.
Key operating and financial figures
Source: Copenhagen FY2025 results. Currency and non-GAAP definitions follow the operator’s release.
Performance over time
Calendar years · year ended 31 December
Copenhagen Airports A/S group figures, including the operator’s reported passenger and revenue-per-passenger measures.
Passengers
Revenue
EBITDA
Capital expenditure
Charts use annual results. Gaps indicate unavailable values; the table shows the annual series.
Full-year history
Read across the years to compare traffic, income and the economics of the airport business. Scroll horizontally on smaller screens.
| Indicator / unit | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Passengersmillion · Traffic | 9.2 | 22.1 | 26.8 | 29.9 | 32.4 |
| Traffic growth, calculated% · Traffic | — | 141.2 | 20.9 | 11.6 | 8.5 |
| RevenueDKKm · Financial | 1,761.0 | 3,532.0 | 4,061.0 | 5,070.0 | 5,521.0 |
| EBITDADKKm · Financial | 506.0 | 1,398.0 | 1,685.0 | 2,576.0 | 2,740.0 |
| EBITDA margin% · Financial | 28.7 | 39.6 | 41.5 | 50.8 | 49.6 |
| Revenue per passengerDKK · Commercial | 191.8 | 159.5 | 151.7 | 169.6 | 170.2 |
| Capital expenditureDKKm · Capital | 570.0 | 970.0 | 1,404.0 | 1,487.0 | 2,157.0 |
| Net interest-bearing debtDKKm · Capital | 10,475.0 | 9,914.0 | 9,660.0 | 9,176.0 | 9,058.0 |
Traffic growth is calculated from consecutive years in the traffic series above and may differ slightly from growth rates published using unrounded or adjusted figures. The first year has no preceding year in this table.
What the numbers say
The return of traffic expanded revenue and EBITDA substantially. Revenue per passenger recovered after 2023, illustrating the importance of charges and commercial income alongside passenger growth.
Capital expenditure increased to DKK2.16bn in 2025 while net debt declined. The EBITDA margin eased from its 2024 peak, despite record passenger activity.
Historical sources and comparability
- Figures and revenue per passenger follow the five-year summary in the 2025 annual report. Passenger figures are displayed in millions.
- Revenue per passenger was unusually high in low-traffic 2021 because not all revenue varies directly with traffic. It should not be interpreted as passenger retail spending.
- Annual history is separate from the latest interim or rolling-period snapshot. Operator definitions and reporting perimeters differ, so these profiles are not a like-for-like league table.
What drives the airport business
Watch transfer flows and route breadth, not only local passenger demand.
Compare airline-charge and commercial-income growth.
Monitor returns and funding for the terminal expansion.
Source and method
This profile uses the operator’s own published figures. Group metrics are not assigned to an individual airport. Passenger volume is an activity measure, not revenue; construction-accounting and adjusted-profit labels follow the source. Where a comparable financial measure is not publicly available, it is not estimated.
Read the official Copenhagen FY2025 results ↗