VINCI Airports
A diversified airport concession platform inside VINCI. Network traffic includes equity-accounted airports at 100%, while revenue and EBITDA follow the consolidated segment perimeter.
Business at a glance
A diversified airport concession platform inside VINCI. Network traffic includes equity-accounted airports at 100%, while revenue and EBITDA follow the consolidated segment perimeter.
Operating footprint: Gatwick, Lisbon, Edinburgh, Budapest and a global concession portfolio
Managed airports and airport interests
VINCI Airports’ network spans more than 70 airports in 14 countries. The country lists identify operating concessions and airport interests; US management contracts include airport and terminal scopes rather than ownership.
Airport codes are IATA unless marked ICAO. Expand a portfolio below to see the airports and the group’s role.
FranceAirport concessions / operating interests
- Lyon Saint-Exupéry (LYS)
- Nantes (NTE)
- Rennes (RNS)
- Toulon Hyères (TLN)
- Clermont-Ferrand (CFE)
- Chambéry (CMF)
- Annecy (NCY)
- Dinard (DNR)
- Lyon Bron (LYN)
- Saint-Nazaire (SNR)
Current website portfolio. The 2025 annual report used an 11-airport French perimeter, so its historical country total differs from this list.
PortugalAirport concessions / operating interests
- Lisbon (LIS)
- Porto (OPO)
- Faro (FAO)
- Beja (BYJ)
- Madeira / Funchal (FNC)
- Porto Santo (PXO)
- Ponta Delgada (PDL)
- Flores (FLW)
- Santa Maria (SMA)
- Horta (HOR)
United KingdomAirport concessions / operating interests
- London Gatwick (LGW)
- Edinburgh (EDI)
- Belfast International (BFS)
SerbiaAirport concessions / operating interests
- Belgrade Nikola Tesla (BEG)
JapanAirport concessions / operating interests
- Kansai (KIX)
- Osaka Itami (ITM)
- Kobe (UKB)
CambodiaAirport concessions / operating interests
- Techo International (KTI)
- Sihanoukville (KOS)
Techo replaced Phnom Penh’s former PNH airport in the operating portfolio in September 2025.
BrazilAirport concessions / operating interests
- Salvador (SSA)
- Manaus (MAO)
- Boa Vista (BVB)
- Cruzeiro do Sul (CZS)
- Porto Velho (PVH)
- Rio Branco (RBR)
- Tabatinga (TBT)
- Tefé (TFF)
MexicoAirport concessions / operating interests
- Monterrey (MTY)
- Chihuahua (CUU)
- Ciudad Juárez (CJS)
- Culiacán (CUL)
- Mazatlán (MZT)
- Acapulco (ACA)
- San Luis Potosí (SLP)
- Torreón (TRC)
- Zihuatanejo (ZIH)
- Durango (DGO)
- Zacatecas (ZCL)
- Tampico (TAM)
- Reynosa (REX)
Cabo VerdeAirport concessions / operating interests
- Praia (RAI)
- Sal (SID)
- São Vicente (VXE)
- São Nicolau (SNE)
- Maio (MMO)
- Fogo (SFL)
- Boa Vista (BVC)
Dominican RepublicAirport concessions / operating interests
- Las Américas / Santo Domingo (SDQ)
- Puerto Plata (POP)
- Samaná (AZS)
- La Isabela (JBQ)
- Arroyo Barril (EPS)
- Barahona (BRX)
Costa RicaAirport concessions / operating interests
- Guanacaste / Liberia (LIR)
ChileAirport concessions / operating interests
- Santiago (SCL)
Shared concession with Groupe ADP.
United StatesManagement contracts
- Hollywood Burbank (BUR)
- Atlantic City (ACY)
- Middle Georgia Regional (MCN)
- Macon Downtown (MAC)
- Atlanta (ATL) — Terminals E and F
- Ontario (ONT) — airside and terminal operations-management scope
Atlanta and Ontario are partial airport-management scopes. These contracts do not represent airport ownership.
Individual airport information
| Airport / code | Country | Reporting period | Passengers | Airport detail |
|---|---|---|---|---|
| Lyon Saint-Exupéry · LYS | France | Calendar 2025 | 10.7m | Airport passenger traffic |
| Belgrade · BEG | Serbia | Calendar 2025 | 8.9m | Airport passenger traffic |
| Budapest · BUD | Hungary | Calendar 2025 | 19.6m | Airport passenger traffic |
| London Gatwick · LGW | United Kingdom | Calendar 2025 | 42.8m | Airport passenger traffic |
| Belfast International · BFS | United Kingdom | Calendar 2025 | 6.7m | Airport passenger traffic |
| Edinburgh · EDI | United Kingdom | Calendar 2025 | 17.0m | Airport passenger traffic |
| Guanacaste / Liberia · LIR | Costa Rica | Calendar 2025 | 2.0m | Airport passenger traffic |
| Santiago · SCL | Chile | Calendar 2025 | 26.5m | Shared ADP / VINCI concession |
The individual table uses rounded figures published in VINCI’s 2025 annual report. Country totals are not assigned to individual airports. Portfolio changes and partial management contracts affect comparisons with the group’s historical series.
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: VINCI FY2025 results. Currency and non-GAAP definitions follow the operator’s release.
Performance over time
Calendar years · year ended 31 December
Traffic includes 100% of passengers at managed airports, including joint ventures. Financial figures cover the consolidated VINCI Airports business.
Managed airport passengers
Revenue
EBITDA
Ordinary operating income
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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Managed airport passengersmillion · Traffic | 209.0 | 267.0 | 318.0 | 334.0 |
| Traffic growth, calculated% · Traffic | — | 27.8 | 19.1 | 5.0 |
| Revenue€m · Financial | 2,679.0 | 3,947.0 | 4,526.0 | 4,796.0 |
| EBITDA€m · Financial | 1,580.0 | 2,495.0 | 2,883.0 | 3,042.0 |
| EBITDA margin% · Financial | 59.0 | 63.2 | 63.7 | 63.4 |
| Ordinary operating income€m · Financial | 983.0 | 1,889.0 | 2,334.0 | 2,459.0 |
| Net income€m · Financial | 507.0 | 733.0 | 947.0 | 1,140.0 |
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 recovery in travel and an expanding airport portfolio lifted passengers and earnings. EBITDA margin reached around 63% as the network moved beyond the pandemic recovery.
New interests, including Edinburgh and Budapest in 2024, changed the footprint. The traffic series describes the managed network’s scale, rather than organic growth in a fixed set of airports.
Historical sources and comparability
- Traffic includes full-year activity at acquired airports where presented that way by VINCI. Consolidated revenue does not include every joint venture on the same basis.
- Acquisitions and consolidation dates affect year-to-year comparisons. Revenue per passenger is therefore not calculated from these two different perimeters.
- 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
Separate managed-airport traffic from consolidated segment earnings.
Review maturity and renewal terms of individual concessions.
Track aeronautical versus non-aeronautical earnings and acquisition funding.
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 VINCI FY2025 results ↗