Aena SME SA

AENA: XMAD (ESP)

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Aena: Airport Regulation Document Finalized; Shares Fairly Valued

Jack Fletcher-Price

Oct 7, 2026

The final DORA III agreement for the period from 2027 to 2031 calls for the full EUR 10 billion of regulated capital expenditures, real tariff increases of 0.33% per year, traffic CAGR of 1.8%, and a regulated weighted average cost of capital of 8.32%.

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Aena SME SA

Aena: Airport Regulation Document Finalized; Shares Fairly Valued

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