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Vinci (DGFP: A3/A-) 2Q Airport Traffic

TRANSPORTATION

2Q Traffic at 81 million was +8.2%yoy and +1.8% vs. pre-covid 2019 levels. Year to date (yoy and vs. 2019) traffic is running +10.2%/+1.5% across the group with US +6.2%/+4.3%, France +6.7%/-12% and UK +9.4%/-6.1%.


  • May and June (+7.9%) were firmer than April
  • European Airport traffic was firm on higher number of public/bank holidays
  • Gatwick was +5.1% in Q2, +7.7% YTD and -10% vs. 2019 levels.

Vinci covers 70 airports over 13 countries. US (Burbank and Atlantic City) and France (ex. Paris) is light in coverage but useful for UK read-through (London's Gatwick alongside Edinburgh and Belfast).
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