Flughafen Wien AG Shows Resilient Growth Amidst Industry Concerns

NuWays AG has updated its research on Flughafen Wien AG, maintaining a "Hold" recommendation with a target price of EUR 60 over the next 12 months. The Vienna-based airport group is maintaining its momentum despite industry concerns over passenger downturns. In May, the group's total passenger numbers rose by 3.7% year-over-year to 3.75 million, with key airports showing varied growth: VIE by 2%, MLA by 8%, and KSC by 31%.

While VIE experienced weaker growth due to a softer performance from the Lufthansa Group, low-cost carriers have bolstered numbers with a 7.4% increase in Q1. Flughafen Wien AG is outperforming several European peers, though only Athens reports higher growth at 8.5%. Overall quality remains a strength, with VIE receiving accolades for airport staff and passenger satisfaction. The forthcoming summer season is expected to maintain strong demand, though the investment recommendation remains cautious.