Spain’s Airport Manager AENA seriously hit by Lack of Flights

Image of a bird rescued by Royal Gibraltar Police. Credit: [email protected]

SPANISH airports operator AENA has been seriously affected by the cancellation of so many flights in and out of airports which it manages and income has been reduced dramatically.

It is taking measures to cut costs by €95 million per month, has access to €2 billion in emergency loans if needed and will continue to charge airlines for leaving their planes at its airports (although they will not have to pay this immediately).

Like other companies it is also suspending its dividend in order to protect liquidity.

 

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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