Winds are favorable for Aena as it heads toward an IPO in November and the government plans to privatize 49% of the state-owned airline company. It is the largest airline company in Europe based on passenger volume and first by profits.
Further, according to forecasts from the CNMV and a national competitiveness agency, Aena profits should be twice that of its four biggest rivals in France, Germany, Switzerland and Austria. Despite fare fixing, an increased passenger load will help Aena's profits continue to rise.
