Spanish Prime Minister announced on Wednesday that there will be a 11% cut in airport tariffs until 2021. This means a reduction of 2.2% each year in 2017-2021, the period during which the new Air Regulation Document is valid. In order to reach this decision, Aena had suggested keeping the current tariffs while Spanish competition watchdog CNMC suggested a 2.02% cut.
The decrease in tariffs will be accompanied by an investment of € 2.6 billion to boost the capacity of the installations and make them more competitive. The Air Regulation Document containing the final figures will be published this week after the cabinet meeting and the new tariffs will come into effect on March 1.
For Aena, any tariff cut means tighter margins, given that its costs structure is already very efficient after the company’s transformation in 2012-2014.
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