Aeroports de Paris SA

ADP: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Initiating Coverage on Aeroports de Paris, the French Airport Operator

Jack Fletcher-Price

Apr 14, 2026

Business Strategy and Outlook

Aeroports de Paris owns and operates Paris’ three commercial airports (Charles de Gaulle, Orly, and Paris-Le Bourget). it was privatized in 2005 and listed in 2006, with the French state retaining a 50.6% stake and 58.6% of voting rights.

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Aeroports de Paris SA

Initiating Coverage on Aeroports de Paris, the French Airport Operator

Business Strategy and Outlook

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