Financial Data and Key Metrics Changes - Total revenues excluding IFRIC 12 increased by 16.6%, nearly doubling the passenger traffic growth of 9.3% [11] - Adjusted EBITDA rose 34% to $194 million, marking a new record for the company [4][15] - Adjusted EBITDA margin expanded by 5.2 percentage points to 41.2% [16] Business Line Data and Key Metrics Changes - Aeronautical revenues increased by 15.2%, primarily driven by Argentina, with a notable 22.1% increase in aeronautical revenues from Argentina [11][12] - Commercial revenues grew by 18%, significantly outpacing traffic growth, supported by higher contributions from cargo, VIP lounges, and other passenger-related services [12][13] Market Data and Key Metrics Changes - Passenger traffic across the airport network increased by over 9%, with Argentina showing a 13% increase in total passenger traffic [3][5] - Domestic traffic in Argentina grew nearly 11%, while international traffic increased by 16% [6] - Cargo revenues rose by 20% year-over-year, driven by a 23% increase in Argentina [9] Company Strategy and Development Direction - The company is advancing its investment plans, with CapEx program approvals underway in Armenia and Italy [4][20] - Strategic initiatives include enhancing passenger experience and expanding commercial offerings, such as new rental hubs and duty-free stores [19][20] - The company is pursuing inorganic expansion opportunities, including a recent award agreement for Baghdad Airport [20] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued positive traffic trends into the fourth quarter, albeit with a more moderate pace of domestic traffic growth in Argentina [20] - The company remains optimistic about the resilience of its business model and the quality of its assets [21] Other Important Information - The total liquidity position at the end of the quarter was $661 million, up 26% from the previous year [17] - Total debt at quarter-end was $1.1 billion, with net debt decreasing to $579 million [17] Q&A Session Summary Question: Update on the rebalance in Argentina and expectations for commercial revenues - Management is making progress on the rebalance of the concession agreement but cannot provide a precise timetable [24] - Commercial revenues were up 8% versus last year, with a continued positive trend expected [24] Question: Investment opportunities in Armenia and Italy - In Italy, the environmental assessment for the project has been approved, with the next steps expected to commence towards the end of the first quarter [28][29] - Discussions in Armenia are progressing well, but a precise timetable cannot be provided [30] Question: Size of the opportunity at Baghdad Airport - An award agreement has been signed, and management is optimistic about potential traffic growth in the region [35]

阿通社11月19日消息，2025年前三季度迪拜国际机场旅客吞吐量达7010万人次，同比增长2.1%。 第三季度接待旅客2420万人次，同比增1.9%，滚动年客流达9380万人次。起降航班33.6万架次，平均每 架213人。主要客源地为印度、沙特、英国、巴基斯坦和美国，热门目的地包括伦敦、利雅得和孟买。 （原标题：迪拜国际机场客流创新高） ...

Group 1 - Hong Kong International Airport processed 5.37 million passengers in October 2025, a year-on-year increase of 18%, with flight movements reaching 34,465, up 9.1% [1] - Transit passengers saw a significant increase of 50.2% year-on-year, totaling 1.5 million [1] - Cargo volume increased by 2.9% year-on-year to 455,000 metric tons, with export cargo being the main growth driver, rising 1.4% to 287,000 metric tons [1] Group 2 - For the first ten months of the year, the airport handled over 50 million passengers and 325,330 flight movements, representing increases of 15.1% and 8.9% respectively compared to the same period in 2024 [1] - Cargo volume for the same period rose by 2.3% to 4.12 million metric tons [1] - Over the past 12 months, passenger volume increased by 15.5% to 59.58 million, with flight movements up 9.4% to 389,955 [1] Group 3 - Hong Kong International Airport was awarded "Asia Large Airport of the Year" at the CAPA Aviation Awards for Excellence for its successful completion of the three-runway system project [2] - The airport also continued to be recognized in the "TTG Travel Hall of Fame" as the "Best Airport," a title it has held since 2013 [2] - The CEO of the Airport Authority expressed pride in these accolades, highlighting the airport's commitment to maintaining world-class service and its status as a leading international aviation hub [2]

波黑《萨拉热窝时报》11月9日报道。萨拉热窝机场10月接待旅客18.14万人次，同比增长22.3%； 货运量274.6吨，起降航班1615架次。今年累计旅客量已达195.55万人次，创历史新高，预计全年总客流 将首次突破220万人次。（驻波黑使馆经商处） （原标题：萨拉热窝机场年客流量首破200万大关） ...

Group 1 - The core point of the article highlights that Shenzhen Airport has seen a significant increase in inbound and outbound passengers, surpassing 5.5 million this year, which is a year-on-year growth of over 23.5%, marking a historical high for the same period [2] - The introduction of visa exemptions, departure tax refunds, and electronic payment policies has led to a surge in foreign travelers visiting China, with nearly 1.24 million foreign individuals checked at the Shenzhen Airport border control, reflecting a year-on-year increase of over 44.4% [2] - Among the inbound foreign travelers, nearly 60% entered under visa exemption policies, with a remarkable year-on-year growth of over 136.8%, particularly from Malaysia, South Korea, Japan, and Singapore [2] Group 2 - The Shenzhen Airport has expanded its international routes by introducing major airlines such as Emirates and launching new flights to destinations like Siem Reap and Da Nang, increasing the number of international and regional passenger routes to over 50 [3] - The airport's border control has supported nearly 35,000 inbound and outbound passenger flights this year, showing a year-on-year increase of over 20.9%, with high average seat occupancy rates for international routes during the National Day and Mid-Autumn Festival holidays [3] - Specific intercontinental routes, such as those to Sydney, Vancouver, Rome, and Los Angeles, have reported average seat occupancy rates exceeding 85%, with the route to Manado achieving a remarkable 91% occupancy [3]

Core Insights - The 138th China Import and Export Fair (Canton Fair) is being held in Guangzhou from October 15 to November 4, with a steady increase in passenger flow at Baiyun Airport, expected to average 52,000 daily entries and exits during the event, representing a 9% month-on-month increase and a 5% increase compared to the previous fair [1] Group 1: Passenger Flow and Flight Operations - Daily average passenger flow at Baiyun Airport is projected to reach approximately 52,000 during the Canton Fair, with peak daily entries possibly exceeding 55,000 [1] - International flight ticket orders from Baiyun Airport are on the rise, with increases ranging from 5% to 20%, and a notable increase in foreign passenger bookings [1] - The airport plans to add and restore multiple international and regional passenger flights, including routes to Hong Kong, Kathmandu, and Kolkata, with an expected average of 270 passenger flights and 60 cargo flights daily during the fair, reflecting increases of 8.9% and 3.5% respectively [1] Group 2: Peak Travel Times and Customs Facilitation - Inbound passenger flow peaks are predicted on October 13, 14, 21, 26, and 30, while outbound peaks are expected on October 18, 25, and November 1 [2] - Specific peak times for inbound and outbound passenger flow have been identified for both T1 and T2 terminals, with inbound peaks occurring mainly in the early morning and afternoon, and outbound peaks in the late evening [2] - Baiyun Border Inspection Station will enhance communication and collaboration with port authorities, establish dedicated customs channels for the fair, and provide expedited services for eligible travelers, including multilingual support for foreign guests [2]

Core Viewpoint - Baiyun Airport (600004.SH) reported a year-on-year increase of 10.84% in passenger throughput for September, while cargo and mail throughput experienced a slight decline of 0.78% [1] Company Summary - Passenger throughput in September increased by 10.84% year-on-year [1] - Cargo and mail throughput decreased by 0.78% year-on-year [1]

Core Insights - The article highlights the impressive performance of Zhengzhou Airport during the National Day and Mid-Autumn Festival holiday period, showcasing its commitment to enhancing passenger experience through service and cultural initiatives [1] Passenger Traffic - From October 1 to October 8, Zhengzhou Airport executed nearly 4,900 passenger flights, with a peak of 702 flights on October 2, accommodating a total of 756,700 passengers, reflecting a year-on-year growth compared to 2024 [1] Cultural Initiatives - The T2 terminal featured a vibrant "Aviation + Intangible Cultural Heritage" market, where traditional performances and crafts attracted travelers, including a collaboration between Henan Zhuizi inheritor Yang Qinglin and a national trend band [1] - Activities included the display of traditional pottery techniques and spontaneous calligraphy, along with a 260-pound giant mooncake shared by over a thousand people, enhancing the cultural atmosphere of the airport [1] - The initiative aimed to bring intangible cultural heritage from museums to the airport, utilizing a "display + experience + consumption" model to enrich the waiting time for passengers with cultural experiences [1]

Core Insights - Guangzhou Baiyun Airport is expected to handle over 1.993 million passengers during the National Day and Mid-Autumn Festival holiday from October 1 to October 8, 2025, with an average of 249,000 passengers per day [1] - The airport will operate approximately 13,000 flights during the holiday period, averaging about 1,600 flights per day [1] - The peak travel periods are anticipated to be from September 30 to October 2 for departures and from October 5 to 6 for returns, with daily passenger numbers expected to exceed 250,000 [1] Flight Operations - The airport's route network currently covers over 230 domestic and international destinations, with more than 1,800 international and regional passenger flights per week [2] - Since 2025, the airport has opened, restored, and increased the frequency of over 20 international and regional passenger routes, including new destinations such as Surabaya and Almaty [2] - Future plans include launching intercontinental routes to Madrid, Spain, and Darwin, Australia, as well as increasing flight frequencies to Istanbul, Turkey, Almaty, Kazakhstan, and Tehran, Iran [2] Passenger Experience Enhancements - To enhance passenger experience for the holiday, the airport has added 66 new "rest pods" in the T2 terminal's international area, bringing the total to 116 [4] - Additionally, 20 high-quality shower rooms have been added in both terminals to provide comfort for long-distance travelers, transit passengers, or early morning flight travelers [5]

Group 1: Core Insights - The Eastern Airport Group is preparing for the upcoming Mid-Autumn Festival and National Day holiday by enhancing market development and optimizing flight routes to accommodate the expected surge in passenger traffic [1] - During the holiday period, the group anticipates a total of 9,180 flight departures, representing a 5.5% increase in daily departures compared to last year's National Day holiday [1] - The expected passenger throughput is projected to reach 1.322 million, with a daily year-on-year growth of 5% [1] Group 2: Travel Trends - In addition to traditional popular tourist destinations, several lesser-known routes are gaining traction, with flight occupancy rates exceeding 90% during peak times [2] - Airlines are responding to high demand by increasing flight frequencies to destinations such as Kuala Lumpur and Dalian, and adding new routes to cities like Hailar and Lanzhou [2] - Various airports are collaborating with local tourism resources to enhance travel experiences, such as the "One Boarding Pass to Explore Huai'an" initiative [2] Group 3: Enhancing Passenger Experience - Airports are introducing interactive cultural activities to enrich the travel experience, such as music performances and traditional crafts [3] - Nanjing Airport is hosting a musical ensemble on October 1st, while other airports are offering activities like paper-cutting and riddles to engage travelers [3] - The focus is on creating a festive atmosphere through decorations and themed events across various airports [3] Group 4: Safety and Service Enhancements - The group is prioritizing safety and service during the holiday period, implementing measures such as increasing parking spaces and enhancing security checks [4] - Specific services for children and elderly passengers are being introduced to ensure a safe and pleasant travel experience [5] - Salt City Airport is optimizing accessibility for first-time travelers and the elderly, providing priority services and personal guidance [5] Group 5: Travel Reminders - Travelers are advised to monitor weather conditions and check official channels for flight information before heading to the airport [6] - Regulations regarding the transport of power banks and live animals are emphasized to ensure compliance and safety during travel [6]