Athens Airport Profit Falls on Fee Discount
Athens International Airport reports a 6.6 percent drop in nine month net profit to 173.5 million euros as a temporary passenger fee discount weighs on aviation revenue. Passenger numbers rose 4.3 percent to 27.3 million despite maintenance disruptions.
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Athens International Airport posted a 6.6% net profit fall to €173.5M ($194M) on Tuesday morning, driven by temporary fee cuts. Passenger traffic across Greece's primary gateway rose 4.3% to 27.3M travelers in the nine months ending September 30. The fee discount reduced aviation revenue, offsetting gains from retail and food operations.
