12 Best Airport Stocks to Invest in Now

9. Aena S.M.E. S.A. (OTC:ANYYY)

Market cap as of February 12: $3.71 billion

Aena S.M.E., S.A. (OTC:ANYYY) is a Spanish airport operator that owns interests in several international airports in addition to several Spanish airports, such as Madrid and Barcelona. The business makes both regulated and unregulated revenue. Nonregulated revenue comes from commercial operations, including retail, food and beverage, and advertising sales, while regulated revenue comes from takeoff and landing fees, passenger fees, and security. The following segments consist of the Group’s business operations: Airports; Region de Murcia International Airport (AIRM); International; Real estate services.

Although operational expense growth is still in the low-digit range, Aena S.M.E., S.A. (OTC:ANYYY)’s first half of 2024 results were remarkable, and the third quarter of 2024 expanded by 14.43% YoY. This gain was mostly explained or driven by aeronautical and commercial revenues, which rose by 14.6% and 16.6%, respectively. It showed a good top-line growth as well, further boosting the EBITDA margins.

Aena S.M.E., S.A. (OTC:ANYYY) is well-positioned to benefit from the ongoing increase in demand for air travel due to its combination of Spanish and Brazilian airports as well as, to a lesser extent, London-Luton. The company is now positioned for high-margin expansion as its top line is increasing by double digits while its costs are only growing by low single digits.

To boost commercial profits, the company can raise rates, enhance its retail offering, and capitalize on the ongoing demand for air travel. Aena S.M.E., S.A. (OTC:ANYYY) was awarded the concession to run São Paulo-Congonhas Airport and ten other airports in Brazil for 30 years in 2022, which could lead to further expansion for the business.