Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Airport operator ADP Q1 revenue boosted by post-pandemic travel boom

By Diana Mandia

(Reuters) -French airport group ADP reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed more cash on food and drink at its airports.

“All segments of activities are growing, especially the contribution of international activities, driven by the strong traffic momentum at (Turkish airport operator) TAV Airports,” Chief Executive Officer Augustin de Romanet said in a statement.

The group, which runs the French capital’s Orly and Roissy Charles de Gaulle airports, posted consolidated revenue of 1.32 billion euros ($1.42 billion), up 10% and slightly better than the 1.29 billion euros expected in a company-compiled consensus.

Revenue at its Queen Alia International Airport in Amman, Jordan fell by 7.1%, which ADP’s deputy finance chief Phillippe Pascal said in a call with analysts was due to the Middle East crisis. It saw a drop in passenger traffic of 4.6%.

It was one of only two airports out of more than two dozen that ADP runs to report a drop. Global airlines have faced disruptions in the past six months due to security concerns in the Middle East.

ADP confirmed its targets for 2024 and 2025.

The retail and services segment, which includes shops, bars, restaurants as well as car rental companies, saw revenue increase by 11.1% to 426 million euros.

(Reporting by Diana Mandiá;Editing by Josephine Mason)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts