Paris Airports: Traffic Declines by 4.9% in April, Middle East Weighs
Paris Airports released its April 2026 traffic report on Monday, showing a 4.9% decrease for the group and a 1.3% drop for Paris Airport. The operator attributes this decline to geopolitical instability in the Middle East and adjustments to flight schedules.
Paris Airports Group recorded 29.1 million passengers in April 2026, down by 4.9% year-on-year. Paris Airport, which includes Paris-Charles de Gaulle and Paris-Orly, welcomed 9.2 million passengers, a decrease of 1.3%. According to the statement, the geopolitical instability in the Middle East affected traffic through adjustments in flight programs and restrictions on access to certain airspaces. Additionally, several airports in the portfolio experienced disruptions related to religious holidays and scheduled flight reductions independent of the geopolitical situation.
Regional Disparities and International Traffic Under Pressure
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Within Paris Airport, Paris-Charles de Gaulle maintained stable traffic (0.0%) with 6.1 million passengers, while Paris-Orly saw a decline of 3.6% to 3.1 million. Traffic to and from the Middle East plummeted by 41.1% in April, representing 3.2% of the total traffic at Paris Airport, directly reflecting the impact of regional tensions. Conversely, Asia-Pacific recorded a 6.4% increase, and Africa saw a rise of 0.7%. From January to April 2026, the group reported a slight increase of 0.3% with 113.1 million passengers. The group is closely monitoring the geopolitical situation and its potential consequences on air transport, noting that the effects remain uncertain regarding traffic diversions and the impact of rising fuel prices.
SectorInfrastructures · Transports›Services de Transport
Context
Period
Period: 2025
Key reported figures
Revenue: 6 704 millions d'euros
Revenue growth: 8,9 %
EBITDA: 2 322 millions d'euros
EBITDA margin: 34,6 %
Net income: 382 millions d'euros
8 625 millions d'euros
Dividend per share: 3,00 €
Payout ratio: 60,0 %
Guidance from the release
L’année 2025 a été marquée par l’impulsion d’une nouvelle dynamique au sein du Groupe ADP et l’amorce d’une transformation structurelle de notre modèle.
Résultats annuels 2025 : chiffre d’affaires de 6 704 millions d’euros, EBITDA courant de 2 322 millions d’euros, RNPG de 382 millions d’euros; dette nette de 8 625 millions d’euros et dividende proposé de 3,00 euros par action. Le groupe atteint ses objectifs 2025 et prévoit une distribution de dividendes conforme à 60% du RNPG.
Outlook / guidance
Expected EBITDA: supérieur à 2 350 millions d'euros
Management commentary: Pour 2026, l’EBITDA courant est attendu au-delà de 2 350 millions d’euros; le ratio Dette Nette / EBITDA courant visé est inférieur ou égal à 3,7x; capex autour de 1 450 millions d’euros, dont environ 1 000 millions pour ADP SA; politique de distribution de dividendes à 60% du résultat net part du groupe avec un plancher de 3,00 euros par action; trafic attendu en croissance autour de 1,5% à 2,5% et CA par Pax Extime Paris supérieur à 32 euros.
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