Aviation – Note – [Nonrated] – 4Q24: Aviation up on international travel

The overall air traffic grew 7% YoY in 4Q24 thanks to rising international travel, passenger numbers declined slightly by 1% YoY, international arrivals reached 4.88mn pax (+31% YoY). Airlines give mixed results while service companies shine amid airline competition. Stablization in bad debt supporting profit surge of airport and also service companies.