Company profile – Flughafen Wien AG
- Vienna Airport with 32.6 million passengers in 2025 (31.7 million in 2024)
- Vienna Airport Group consisting of Vienna Airport, Malta Airport and Košice Airport with 43.4 million passengers
- Lufthansa hub, home carrier Austrian Airlines (approx. 46% market share)
- Focus on intra-European routes, transfer hub to Central/Eastern European destinations
- Large catchment area - Eastern Austria as well as Czech Republic, Slovakia and Hungary
- Full-service provider: Airport operations, ground handling, security service, infrastructure provider and commercial activities
PAX Vienna Airport
2024: 31.7 mn
2025: 32.6 mn
2026e: approx. 30 mn
(incl. Malta Airport, Košice)
2024: 41.4 mn
2025: 43.4 mn
2026e: approx. 41.5 mn
Revenue
2024: € 1,053 mn
2025: € 1,129 mn
2026e: approx. € 1,050 mn
EBITDA
2024: € 442 mn
2025: € 412 mn
2026e: approx. € 415 mn
Mcap: € 4.6 bn
ISIN: AT00000VIE62
Bloomberg: FLU AV
Reuters: VIEV.VI
Prim. listing: Vienna Stock Exchange
The Flughafen Wien Group
Business model
The Flughafen Wien Group (FWAG Group) comprises the three international airports in Vienna, Malta and Košice (Slovakia, recorded at equity) as well as the Bad Vöslau airfield in Austria. The three international airports of Vienna, Malta and Košice recorded a total of 43.4 million passengers in 2025 (2024: 41.4 million passengers). In the previousyear 32.6 passengers passed through Vienna Airport (2024: 31.7 million). Measured by passenger numbers, Vienna thus occupied 19th place among European airports.
The focus of the connections served from Vienna is routes within Europe (approximately 85% of the total number of passengers). Vienna Airport functions here as an important hub for destinations in Central and Eastern Europe. Attractive long-haul connections round off the profile. Vienna Airport benefits in particular from its large catchment area, which, in addition to Austria, also includes part of the Czech Republic, Slovakia and Hungary. Alongside Frankfurt, Munich, Berlin, Düsseldorf and Zurich, Vienna Airport is one of six Lufthansa hubs. The home carrier, Austrian Airlines, last year achieved a market share of approximately 46%, that of the Lufthansa Group as a whole is slightly above 50%. Various low-cost carriers have generated significant growth in the last few years, increasing their share most recently to almost 30% of total passenger numbers. Vienna Airport is one of the largest employers in Eastern Austria. Together with the fully consolidated subsidiaries, the FWAG Group employed an annual average of 5,253 staff (FTE, full-time equivalents) or 6,774 people (headcount).
As the general operator, Vienna Airport provides the entire range of services for the airport operations. These include the flight operations, ground handling services, security services and the commercial activities of the property management at the site.
The five segments of the Group’s operating activities
Airport
The Airport segment is responsible for the operation and maintenance of all movement areas of the terminal, all the facilities involved in passenger and baggage handling as well as the security controls for passengers and hand luggage at Vienna Airport (performance of the Handling & Security Services segment). The tasks of acquiring new airline customers and increasing the number of destinations offered are also assigned to this segment.
Handling & Security Services
Services for aircraft and passenger handling of scheduled, charter and general aviation traffic are bundled in the Handling & Security Services segment. In addition to passenger, cargo and ramp handling, these also include the provision of security services, checks of passengers and hand luggage and general aviation. The performance of the handling and security services by the Group’s own companies at Vienna Airport guarantees short turnarounds, a high level of punctuality and offers that are tailor-made for our customers.
Retail & Properties
Retail & Properties provides important services related to the airport operations and is responsible for developing and marketing
the Group’s own properties. Substantial contributions to income come from centre management and hospitality, including shops,
restaurants and passenger services (lounges, VIP), and from parking, advertising revenue and the rental of office and cargo
space.
Malta
The Malta segment includes Malta Airport (Malta International Airport plc, MIA) and the investments it holds directly (the MIA Group), which together operate Malta Airport. Revenue is generated from aviation services, parking and the rental of retail and office space.
Other Segments
This segment comprises a wide range of services that are provided both for other operating segments of the Flughafen Wien Group and for external customers as well as for the subsidiaries that hold shares in foreign associates and joint ventures (e.g. at Košice Airport) but that do not otherwise perform any operating activities. It primarily covers tasks such as performing technical services and repairs, services in the area of energy supply and waste disposal, telecommunications and information technology, electromechanical and building services, the construction and maintenance of infrastructure as well as construction management and consulting services.
Traffic figures
| Passenger development of the Group | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vienna Airport (in mill.) | 32.6 | 31.7 | 29.5 | 23.7 | 10.4 | 7.8 | 31.7 | 27.0 | 24.4 | 23.4 | 22.8 | |
| Malta Airport (in mill.) | 10.1 | 9.0 | 7.8 | 5.9 | 2.5 | 1.7 | 7.3 | 6.8 | 6.0 | 5.1 | 4.6 | |
| Košice Airport (in mill.) | 0.8 | 0.7 | 0.6 | 0.5 | 0.2 | 0.1 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | |
| Vienna Airport and strat. investments (VIE, MLA, KSC) | 43.4 | 41.4 | 38.0 | 30.1 | 13.1 | 9.7 | 39.5 | 34.4 | 30.9 | 28.9 | 27.8 |
|
Traffic development Vienna Airport |
2025 |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Passengers (in mill.) |
32.6 |
31.7 |
29.5 |
23.7 |
10.4 |
7.8 |
31.7 |
27.0 |
24.4 |
23.4 |
22.8 |
|
|
Thereof transfer passengers (in mill.) |
6.6 |
6.8 |
6.6 |
5.8 |
2.5 |
1.5 |
7.2 |
6.7 |
6.4 |
6.2 |
6.3 |
|
|
Aircraft movements |
240,360 |
234,138 |
221,095 |
188,412 |
111,567 |
95,880 |
266,802 |
241,004 |
224,568 |
226,400 |
226,811 |
|
|
MTOW (in mill. tonnes) |
10.4 |
10.0 |
9.3 |
7.9 |
4.7 |
4.0 |
10.9 |
9.6 |
8.8 |
8.7 |
8.4 |
|
|
Cargo (air cargo and trucking; in tonnes) |
313,763 |
297,945 |
245,009 |
250,637 |
261,299 |
217,888 |
283,806 |
295,558 |
287,962 |
282,726 |
277,575 |
|
|
Seat load factor |
80.5 |
80.8 |
80.5 |
77.6 |
62.5 |
57.4 |
77.3 |
76.0 |
74.8 |
73.4 |
74.3 |
|
Financial indicators
| (in € million, excluding employees) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,128.9 | 1,052.7 | 931.5 | 692.7 | 407,0 | 333.7 | 857.6 | 799.7 | 753.2 | 741.6 | 720.2 |
| Thereof Airport | 536.5 | 506.6 | 440.1 | 321.0 | 169.5 | 133.0 | 411.7 | 381.7 | 368.2 | 370.8 | 359.2 |
| Thereof Handling & Security Services | 198.0 | 177.8 | 165.7 | 124.9 | 94.4 | 86.1 | 166.3 | 163.3 | 160.7 | 158.4 | 151.3 |
| Thereof Retail & Properties | 215.0 | 203.0 | 182.5 | 138.8 | 82.4 | 70.5 | 162.6 | 146.4 | 126.1 | 123.9 | 128.2 |
| Thereof Malta | 157.0 | 142.9 | 120.2 | 88.0 | 47.4 | 32.2 | 100.3 | 92.2 | 82.4 | 73.1 | 67.0 |
| Thereof Other Segments | 22.5 | 22.5 | 23.0 | 20.0 | 13.3 | 11.9 | 16.7 | 16.2 | 15.7 | 15.4 | 14.5 |
| EBITDA | 412.4 | 442.3 | 393.6 | 295.9 | 154.4 | 54.1 | 384.8 | 350.4 | 326.5 | 329.8 | 312.5 |
| EBITDA margin | 36.5% | 42.0% | 42.2% | 42.7% | 37.9% | 16.2% | 44.9% | 43.8% | 43.3% | 44.5% | 43.4% |
| EBIT | 279.5 | 306.1 | 261.8 | 167.2 | 20.0 | -86.5 | 252.3 | 220.8 | 191.8 | 172.0 | 171.8 |
| EBIT margin | 24.8% | 29.1% | 28.1% | 24.1% | 4.9% | -25.9% | 29.4% | 27.6% | 25.5% | 23.2% | 23.9% |
| ROCE after tax | 15.0% | 13.1% | 11.5% | 7.3% | 0.9% | -3.7% | 10.4% | 9.4% | 8.2% | 7.4% | 7.2% |
| Net profit | 210.1 | 239.5 | 188.6 | 128.1 | 6.6 | -75.7 | 175.7 | 151.9 | 126.9 | 112.6 | 111.8 |
| Net profit parent company | 185.0 | 216.3 | 168.4 | 107.9 | 3.7 | -72.8 | 158.9 | 137.3 | 114.7 | 102.6 | 100.3 |
| Cash flow from operating activities | 333.3 | 443.7 | 384.8 | 337.6 | 105.8 | -23.0 | 373.0 | 119.2 | 277.9 | 255.1 | 255.5 |
| Capital expenditure | 281.3 | 189.8 | 107.0 | 53.6 | 51.6 | 79.9 | 171.8 | 165.7 | 103.6 | 92.0 | 87.1 |
| Equity | 1,726.9 | 1,667 | 1,556 | 1,449 | 1,315 | 1,305 | 1,381 | 1,297 | 1,211 | 1,144 | 1,139. |
| Equity ratio | 71.6% | 69.5% | 70.9% | 65.1% | 63.4% | 60.1% | 60.0% | 60.1% | 58.7% | 56.7% | 52.5% |
| Net liquidity (previous year: net debt) | 413.8 | 511.6 | 361.9 | 149.4 | -150.4 | -201.9 | -81.4 | 198.2 | 227.0 | 355.5 | 487.8 |
| Total assets | 2,414 | 2,400 | 2,194 | 2,225 | 2,074 | 2,173 | 2.301 | 2,158 | 2,063 | 2,018 | 2,171 |